The Magazine of Corporate Responsibility

Tag Archive for ‘Regional Greenhouse Gas Initiative’

Status Report: ‘Cap and Trade’ Strategies to Reduce Carbon Emissions?

“Cap-and-trade,” whereby big polluters must pay to emit greenhouse gases against a capped total amount that is reduced over time—has been in effect across the European Union (EU) since 2005. Meanwhile, Switzerland, New Zealand, Australia, Kazakhstan and South Korea have each set up their own national cap-and-trade programs to varying degrees of success, while regional versions have popped up within Japan, Canada and the U.S.

Cutting Emissions in Northeastern and Mid-Atlantic U.S.

Given the lack of federal action to curb greenhouse gas emissions in the U.S., several East Coast states joined together in 2008 to form the Regional Greenhouse Gas Initiative (RGGI), committing to a market-based system to cap carbon pollution and lower energy bills while creating more green jobs.