Investments of Proceeds

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

Released in July 2020, The Investment of RGGI Proceeds in 2018 report tracks the investment of the RGGI proceeds and the benefits of these investments throughout the region. The lifetime benefits of RGGI investments made in 2018 include:

  • $2 billion in lifetime energy bill savings
  • 4.6 million short tons of CO2 emissions avoided

These benefits are limited to the direct benefits arising from specific 2018 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 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 2018 July 2020
Investment of RGGI Proceeds in 2017 Oct. 2019
Investment of RGGI Proceeds in 2016 Sept. 2018
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  Any cumulative numbers are superseded by newer reports.