RGGI is helping Vermont save energy and money for commercial, industrial and residential consumers, while helping decrease carbon pollution in the state. As of September 2016, Vermont received $19 million in cumulative proceeds.
HOW DOES RGGI USE ITs PROCEEDS?
Through 2014, Vermont invested $14.5 million in RGGI auction proceeds. The majority of these proceeds have been invested in energy efficiency programs manage by Efficiency Vermont. Together with electric efficiency investments, these programs are estimated to avoid the emission of an estimated 138,859 short tons of CO2, and to save participants an estimated $115 million on their energy bills over the lifetime of those investments.
Programs funded by RGGI proceeds have helped residential consumers with home efficiency, small businesses with building efficiency and low-income households through community programs.
As a result of the success of these programs, Vermont ranked 3rd in the 2016 State Energy Efficiency Scorecard developed by the American Council for an Energy-Efficient Economy (ACEEE).
According to a recent report, in the period from 2012-2014 alone, the RGGI program led to $14.8 million of economic value in Vermont.