WHAT IS RGGI
RGGI (Regional Greenhouse Gas Initiative) is a market-based program. Through a series of auctions, RGGI sells credits to power generators. Each credit is worth one ton of carbon dioxide. Power generators must purchase a credit for each ton they emit. The idea is that by requiring power plants to buy credits, their operators will have a financial incentive to reduce emissions.
The RGGI states include the six New England states plus New York, New Jersey, Delaware, Maryland and most recently Pennsylvania.
Temple has been awarded $332,100 in RGGI funds - as managed and overseen by the NH Public Utilities Commission - to provide energy efficiency upgrades to the Fire Department, Municipal Building, and Mansfield Library, and to develop and administer an Educational Outreach Program.
This energy efficiency program will save Temple energy, reduce greenhouse gas emissions, and lower our tax burden for years to come.
As the American Council for an Energy Efficient Economy (ACEEE) stated:
“Energy efficiency is the lowest-cost means of reducing dependence on fossil fuels. Efficiency programs typically spend about 3 cents to save a kilowatt hour of electricity that would otherwise cost between 6 and 19 cents to produce by fossil-fuel fired power plants.”
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