The R.G.G.I is a program in the United States that regulates greenhouse gas emissions for nine states including Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New York, Rhode Island and Vermont. The program puts caps on the amount of CO2 emissions can be released by electrical and industrial polluters in those nine states. The R.G.G.I gets it money from auctioning off carbon emission allowances to power plants in the nine participating states.
Governor Cuomo plans to pull millions from the key program into
our own states general funds. Plans are set to pull $36 million out of the
R.G.G.I program and into two of New York funds and programs. Cuomo plans to
move $23 million into the general fund and the $13 million left over into the
Environment Protection Fund. The Senate calls for more than half of the amount
Cuomo plans to pull from the R.G.G.I. Luckily the weep of funds has raised
awareness for climate change and global warming that state republicans have
been reluctant to address. Having more control over the R.G.G.I fund will help direct
where money is spent of environmental issues. Nothing is fin al in Cuomo’s
budget and between the State Senate.
I find this very interesting, this reminds me a lot of things known as carbon certificates. A carbon certificate is a purchase made for a specific amount of carbon that is allowed back into the atmosphere. Big businesses buy them in order to put carbon into the atmosphere, however people will raise money and purchase them to prevent businesses from doing so. By limiting the amount of carbon being allowed in the atmosphere, people limit the amount big businesses can buy.
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