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RGGI

At a webinar last week, New Perspectives on RGGI and the Massachusetts Global Warming Solutions Act,” Synapse’s Dr. Elizabeth A. Stanton hosted Senior Associate Pat Knight and Mass Energy Consumer Alliance’s Larry Chretien for a discussion of Synapse’s RGGI modeling work and the recent Massachusetts Supreme Judicial Court decision on the Massachusetts Global Warming Solutions Act.

Next Tuesday (February 2) the Regional Greenhouse Gas Initiative (RGGI) participating states and regional stakeholders will meet to begin their second in-depth review of the RGGI program. This meeting will solicit stakeholder input on RGGI program design elements, including considerations for compliance under EPA’s Clean Power Plan. The last program review in 2012 led to a 45 percent reduction in the regional CO2 cap, among other changes.

Meeting the emission reduction goals of states within the Regional Greenhouse Gas Initiative (RGGI) will yield billions of dollars in savings and tens of thousands of new jobs each year for over a decade, according to a Synapse study released today. A more stringent RGGI cap, complemented by individual state renewable resource and efficiency standards, will help states achieve their climate goals, which cluster around a 40 percent reduction from 1990 emissions levels by 2030.

If New Hampshire backed out of the Regional Greenhouse Gas Initiative (RGGI), it would result in higher bills for New Hampshire consumers and would eliminate the least expensive way for the state to comply with upcoming federal regulations, Synapse’s Dr. Elizabeth A. Stanton testified on Thursday.