HOW DOES RGGI USE ITS PROCEEDS?
Through 2014, Maryland invested $320.5 million in RGGI auction proceeds. The state invests its proceeds into the Strategic Energy Investment Fund (SEIF), which then funds programs that reduce household bills, create new jobs in growing industry and promote energy independence.
As a result, RGGI proceeds have improved energy efficiency for Maryland residents and businesses, supported renewable energy for households across the state and saved an estimated $457 million in lifetime energy bill savings.
According to a recent report, in the period from 2012-2014 alone, the RGGI program led to $213.8 million of economic value in Maryland.
SUPPORT FOR RGGI
Across the state, there is strong support for clean energy and RGGI. A recent poll by the Sierra Club found 79 percent supporting Maryland’s participation in RGGI, with 81 percent supporting a change in annual carbon decreases to 5 percent.