Regional Greenhouse Gas Initiative

an initiative of the Northeast and Mid-Atlantic States of the U.S.

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RGGI Benefits

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The RGGI states issue CO2 allowances which are distributed almost entirely through regional auctions, resulting in proceeds for reinvestment in strategic energy and consumer programs. Programs funded with RGGI investments have spanned a wide range of consumers, providing benefits and improvements to private homes, local businesses, multi-family housing, industrial facilities, community buildings, retail customers, and more.

Released in October 2017, The Investment of RGGI Proceeds in 2015 report tracks the investment of the RGGI proceeds and the benefits of these investments throughout the region. Arising from the lifetime impact of RGGI investments made in 2015, the report estimates:

  • 2.3 billion in lifetime energy bill savings
  • 9 million MWh of electricity use avoided
  • 28 million MMbtu of fossil fuel use avoided
  • 5.3 million short tons of CO2 emissions avoided.

These benefits are limited to the direct benefits arising from specific 2015 projects, and do not include larger macroeconomic effects that may occur as a result of the RGGI cap and market signal.

Proceeds were invested in programs including energy efficiency, clean and renewable energy, greenhouse gas abatement, and direct bill assistance. Energy efficiency and clean and renewable energy continued to receive the largest share of investments.

The report also contains a brief summary of cumulative RGGI investments and their benefits.

 

Report Date
Investment of RGGI Proceeds in 2015 Oct. 2017
Investment of RGGI Proceeds Through 2014 Sept. 2016

 

Cumulative numbers in past reports will not be updated over time; any cumulative numbers are superseded by newer reports.