Putting Carbon on the Market
CLF helped to launch the country’s first mandatory cap-and-trade program here in the Northeast. The Regional Greenhouse Gas Initiative is a joint effort of 9 states to hold polluters accountable for the impact their greenhouse gas emissions have on our changing climate.
CLF in Action
CLF was deeply involved in the creation of the Regional Greenhouse Gas Initiative, which launched in 2008. We continue to play an active role in RGGI’s success – including laying the groundwork for a 2012 program review required by the original RGGI agreement.
Since RGGI was implemented, emissions in the region have dropped by 41%. This is an important milestone toward meeting the climate imperative of an 80% reduction in greenhouse gas emissions by 2050. But much more work must be done across the region to reach that 80% goal – including ensuring we don’t replace our dependence on oil and coal with another climate-warming fuel source: natural gas.
At the same time, RGGI covers emissions from electricity only – not from transportation, heating systems, or other sources of greenhouse gases. CLF will continue our work to shape RGGI into a more effective program and pursue other ways to cut emissions to keep New England on track to reach the 2050 goal.