RGGI is helping Connecticut to meet its climate goals of reducing greenhouse gas emissions to 80 percent below 2001 levels by 2050. As of September 2016, Connecticut received $169 million in cumulative proceeds.
How Does RGGi Use its Proceeds?
Through 2014, Connecticut invested $109 million in RGGI auction proceeds. These proceeds have been invested in numerous energy efficiency programs, including funding home energy audits, discounted lighting products, incentives for homes and businesses and financing options for small businesses.
As a result of the success of these programs, Connecticut is ranked 5th in 2016 State Energy Efficiency Scorecard developed by the American Council for an Energy-Efficient Economy (ACEEE).
Proceeds from RGGI have also been dedicated to financing options for renewable and clean energy projects in the state. According to a recent report, in the period from 2012-2014 alone, the RGGI program led to $56.2 million of economic value in Connecticut.
SUPPORT FOR RGGI
Across the state, there is strong support for clean energy and RGGI. A recent poll by the Sierra Club found 74 percent supporting Connecticut’s participation in RGGI, with 78 percent supporting a change in annual carbon decreases to 5 percent.