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.
Link to an Update on RGGI Program in NH
In 2009, the NH Public Utilities Commission, managers of the RGGI funds at that time, awarded Temple a grant for $332,000 in RGGI funds - to conduct a deep energy efficiency retrofit for the Fire Department, Municipal Building, and Mansfield Library, and to develop and administer an Educational Outreach Program. It succeeded beyond the original goal of 70% reductions in energy use and GHG emissions for the Municipal Building and FD.
Following the retrofit's final blower door tests, conducted by Margaret Dillon, Energy Auditor, and an examination of 2 + years of field data, the data analysis has determined that the library's energy use has been reduced by 1/3 and its moisture issues mitigated which is vastly improving the air quality and the health of the building and books. The Municipal Building and FD are saving an average of between 75%-85% in heating fuel and between 82%-85% in carbon loading....a stunning success! Bottom line - RGGI's 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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