RGGI in Rhode Island!

The Regional Greenhouse Gas Imitative (RGGI) is a cap and trade program that is designed to limit the amount of CO2 emissions released by the power sector. It works by setting at cap or limit to CO2 emissions; the cap is set by the state. Once the cap has been set the allowed amount of emissions is split up into permits that are auctioned off to the greenhouse gas emitters in the state. After the initial auction the emitters are allowed to trade permits under regulations based on the RGGI Model rule.

There are nine states involved one of them being Rhode Island. The rest are Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New York, and Vermont. The money raise by the auction of permits is then place into energy efficiency programs. In Rhode Island about 4 million dollars was placed into national grids energy efficiency programs in 2010. The programs helped more then 150,00 Rhode Islanders save more then 80 million kWh of electricity.

Find more Information at http://www.rggi.org/