The Economics Of RGGI

Law360, New York (December 9, 2011, 2:32 PM EST) -- With the first compliance period in the Regional Greenhouse Gas Initiative coming to a close in December, it seems an appropriate time to look back at what we can learn from the country’s first market-based program aimed at reducing emissions of carbon dioxide from power plants.

A report released in November by the Analysis Group analyzed the economic impacts of RGGI — how the program impacted electricity prices, power producers’ costs and consumers’ electric bills, and what effect the millions in quarterly auction proceeds has had,...
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