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Print Edition StoriesMonday, July 25, 2011
Businesses cite financial benefits of greenhouse gas initiative
By James Connolly
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A consortium of 225 businesses have called upon the New England and Mid-Atlantic states’ governors to increase their support for the Regional Greenhouse Gas Initiative (RGGI), citing the economic benefit to the regions.
The businesses issued a letter saying that for each dollar invested in energy efficiency programs the economic output is increased by $4 to $6. The letter to the governors cited benefits such as clean energy deployment, energy efficiency and job training programs.
“We believe strong clean energy and clean air policies create jobs and stimulate economic growth. RGGI shows that market-based programs can reduce greenhouse gas emissions while boosting our economy. By reducing spending on out-of-region fossil fuels, RGGI improves energy security and economic competitiveness and frees up energy dollars for spending in other parts of our economies,” said the letter, which was coordinated by the New England Clean Energy Council.
RGGI is involved in initiatives such as cap and trade programs.
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