Massachusetts Earned $50 Million from Cap+Trade in 2009

In a time when most states are hurting, Massachusetts has come out a winner, actually earning money to provide clean energy jobs and energy retrofit services. Through its participation in RGGI, the regional carbon cap-and-trade program; in which ten states compete to lower greenhouse gas pollution most, Massachusetts came out a winner.
The state earned about $50 million last year; money that provided the funding for energy efficiency makeovers for its residents – home heating retrofits for low-income families and job training for emerging zero waste energy businesses.
Cap and trade programs help us earn the money to fund the change to safer, cleaner more secure forms of energy to ensure long term prosperity in the future, by providing an incentive for polluting companies to invest in clean energy.
In the regional cap and trade auctions, states auction nearly all emission allowances and invest the proceeds in consumer benefits: energy efficiency, renewable energy, and other clean energy technologies. Read the rest of this entry »










