Apr 21, 2011 — A coalition of 10 Northeastern states can lay claim to the first pubic auction of "carbon credits" - essentially permits to pollute, mostly bought by big power producers.
But some of the coalition's members are having second thoughts. And the regional effort to curb global warming could be in trouble.
The Regional Greenhouse Gas Initiative, or RGGI, auctioned its first credits in September 2008. It provided the "trade" part of "cap and trade." The marketplace was designed to reduce greenhouse gas emissions 10-percent by 2018. Now, three of the original 10 states are considering withdrawing, in part because of the cost to electric ratepayers.
As part of a collaboration with Northeast stations, Amy Quinton with New Hampshire Public Radio reports. Go to full article
John McHugh and George Pataki were architects of the national cap and trade system for fighting pollution. (File photos)