Regional Greenhouse Gas Initiative - a podcast by WHRO Public Media

The Regional Greenhouse Gas Initiative, or RGGI, generated $315,000,000 last year for 9 states from Maryland north to reduce greenhouse-gas emissions and fund resiliency. Companies purchase carbon allowances to offset their CO2 emissions and decide how to meet a regionally set cap. Quarterly auction proceeds return to the states. Joining RGGI could generate $50,000,000 annually for Virginia, money that could be used for developing clean energy while reducing greenhouse gases. Governor Northam has listed joining RGGI as a top priority for the 2020 General Assembly. Funds generated by it could be used to spur investment in offshore wind, helping Virginia become the East Coast hub for offshore wind production.

Further episodes of Strome Business Minute with Dr. Jeff Tanner

Further podcasts by WHRO Public Media

Website of WHRO Public Media