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May 2, 2013 
Contact: Laura Tierney 
Office: 202.785.0507
Businesses Commend State Action to Reduce Greenhouse Gas Emissions 
Washington, DC —a leading coalition of clean energy business interests today sent letters to the governors of nine states in the Northeast and Mid-Atlantic region to commend their commitment to move forward with a regional plan to reduce greenhouse gas emissions known as the Regional Greenhouse Gas Initiative (RGGI).
The Regional Greenhouse Gas Initiative (RGGI) is the first market-based regulatory program in the United States to reduce greenhouse gas emissions and is a cooperative effort among the states of Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New York, Rhode Island, and Vermont to cap and reduce CO2 emissions from the power sector. RGGI states have recently completed an extensive review of the program and have identified areas for further improvement.  
In the letters dated May 2, Council President Lisa Jacobson applauded the region’s efforts to build upon the early success of the program and to further reduce harmful emissions while continuing to grow the region’s economy.  Jacobson said the RGGI states should monitor and assess the emissions impact of the changes to the program, however, and should also encourage the federal government to recognize their early action as federal regulations are developed and implemented.
“BCSE includes a number of companies and utilities in the northeastern United States and was an active stakeholder during the development and design phase of the RGGI program,” Jacobson said.  “Since the first auction of RGGI allowances in 2009, the program has successfully demonstrated how the mechanics of a market-based program can work.  In addition, the investment of auction proceeds in clean energy and energy efficiency, have had a positive impact on the region, by helping consumers and businesses become more efficient, accelerating the development of local clean and renewable energy sources and creating jobs.”
“The Council recently commissioned a study  by Bloomberg New Energy Finance which shows how affordable, homegrown and clean energy sources – such as those being deployed in the RGGI region - are powering the U.S. economy with jobs and investment, and are promoting the security and diversity of the U.S. energy supply,” Jacobson said.  
To view an example of one of the nine letters sent to RGGI Governors please click here
Download full press release .