NECEC, AEE Applaud Northeast States on Agreement to Strengthen the Regional Greenhouse Gas Initiative
National and regional business organizations commend leadership in nine RGGI states to strengthen the nation’s first regional emission reduction program for the power sector.
Today, the Northeast Clean Energy Council (NECEC) and its national partner Advanced Energy Economy (AEE), released the following statements regarding the bipartisan agreement announced by RGGI Inc. to expand the Northeast Regional Greenhouse Gas Initiative (RGGI).
"NECEC commends the governors of the RGGI states for their leadership to extend and strengthen RGGI through 2030. RGGI investments have lowered customer bills over $4.67 billion in lifetime savings, while helping grow a robust clean energy industry in the participating northeastern states,” said NECEC President Peter Rothstein. “This agreement will send a strong market signal to the industry, continue to deliver ratepayer savings and spur cost-effective development in the power sector through clean energy technologies and services. As the transition to a clean energy economy continues, RGGI will serve as a shining example of what is possible through bipartisan collaboration to address climate change by advancing clean energy."
"The RGGI states have proven that existing technology can be cost-effectively deployed to reduce greenhouse gas emissions and create jobs," said Malcolm Woolf, senior vice president for policy at national business group, Advanced Energy Economy. "We applaud the leadership shown by the RGGI states by extending and strengthening the emissions target, which sends a consistent market signal to drive further economic expansion of advanced energy, which is already a $200 billion industry that supports more than 3 million jobs across America.”
About Advanced Energy Economy and AEE Institute
The Advanced Energy Economy Institute is a 501(c)(3) charitable organization whose mission is to raise awareness of the public benefits and opportunities of advanced energy. AEE Institute provides critical data to drive the policy discussion on key issues through commissioned research and reports, data aggregation and analytic tools. AEE Institute also provides a forum where leaders can address energy challenges and opportunities facing the United States. AEE Institute is affiliated with Advanced Energy Economy (AEE), a 501(c)(6) business association, whose purpose is to advance and promote the common business interests of its members and the advanced energy industry as a whole. AEE and its State and Regional Partner organizations are active in 27 states across the country, representing more than 1,000 companies and organizations in the advanced energy industry. Visit AEE Institute here and AEE here.
NECEC is a regional non-profit organization representing clean energy companies and entrepreneurs throughout New England and the Northeast. Its mission is to create a world-class clean energy hub in the Northeast delivering global impact with economic, energy and environmental solutions. www.necec.org