Carbon-Trading Program Generates $1.3 Billion in U.S. Northeast
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A cap-and-trade program for carbon dioxide generated $1.3 billion in benefits for nine U.S. states, a finding that may win converts elsewhere in the country.
Funding from the Regional Greenhouse Gas Initiative also created more than 14,000 new jobs in the Northeast and saved consumers $460 million in lower electric bills over the past three years, according to a report released Monday by Analysis Group, a Boston-based consulting company. The benefits came mainly from customer rebates and efficiency measures spurred by the program.