RGGI is helping Massachusetts reach its climate goal of reducing greenhouse gas emissions by 80 percent below 1990 levels by 2050. As of September 2016, Massachusetts received $427 million in cumulative proceeds.
HOW DOES RGGI USE ITS PROCEEDS?
Through 2014, Massachusetts invested $304.6 million in RGGI auction proceeds. The state has invested these proceeds in programs to reduce harmful pollution, build the Commonwealth’s clean energy economy, and increase the predictability of energy costs for homes and businesses.
According to a recent report, in the period from 2012-2014 alone, the RGGI program led to $243.3 million of economic value in Massachusetts.
ENERGY EFFICIENCY PROGRAMS
The energy efficiency programs that investor-owned utilities and energy efficiency providers have delivered to the state’s residences and businesses have generated more than $691 million in lifetime energy bill savings.
As a result of the success of these programs, Massachusetts tops the nation in 2016 State Energy Efficiency Scorecard developed by the American Council for an Energy-Efficient Economy (ACEEE).
SUPPORT FOR RGGI
Across the state, there is very strong support for clean energy and RGGI. A recent poll by the Sierra Club found 84 percent supporting Massachusetts’ participation in RGGI, with 81 percent supporting a change in annual carbon decreases to 5 percent.