On February 5th, the House Environment and Natural Resources Committee held a hearing on the Regional Greenhouse Gas Initiative (RGGI). RGGI is a “cap-and-invest” program that directs proceeds from carbon credit auctions toward investment in each state.
In response, Julian Boggs, Policy Director of the Keystone Energy Efficiency Alliance (KEEA), issued the following statement:
“As a trade association representing nearly 70 companies engaged in the energy efficiency industry, KEEA welcomes RGGI as an important, market-based tool to drive investment into energy efficiency, help Pennsylvania businesses and households save on their energy bills, and grow our energy efficiency workforce.”
On October 3, 2019, Governor Wolf issued an Executive Order initiating the process to have Pennsylvania join the program. Across the nine states that currently participate in RGGI, more than half of the proceeds from carbon pricing is invested in energy efficiency programs that help customers save on energy bills and further reduce carbon pollution.
“RGGI’s investments in energy efficiency and clean energy in the nine states currently participating in RGGI have already generated over $4 billion in economic benefit. It’s time we see those benefits right here in Pennsylvania,” said Boggs.