"The Regional Greenhouse Gas Initiative, Inc. (RGGI, Inc.) is a 501(c)(3) non-profit corporation created to support development and implementation of the Regional Greenhouse Gas Initiative (RGGI). RGGI is a cooperative effort among eleven states – Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Vermont, and Virginia – to reduce greenhouse gas emissions."
"PJM is a regional transmission organization (RTO) that coordinates the movement of wholesale electricity in all or parts of 13 states and the District of Columbia."
Colleagues of mine have had their electric bills increase by $300 due to these fees appearing on them. I've seen the bills. Opting-Out is not an option.
PJM manages the grid in this region. They provide a service.
On the other RGGI never describes how the money they are taking are actually reducing CO2 anyplace on their website, the last I looked. It is all about trading credits.
"GLOBAL TEMPERATURE REPORT EARTH SYSTEM SCIENCE CENTER THE UNIVERSITY OF ALABAMA IN HUNTSVILLE"
https://www.nsstc.uah.edu/climate/
Actual data, such as the above, have yet to match the scary warnings coming from the Media. The scary warnings is why RGGI claims to exist.
The Data Is Out There...
Yet 1 click from your link took me here:
https://www.rggi.org/investments/proceeds-investments
> Released in May 2022, The Investment of RGGI Proceeds in 2020 report tracks the investment of the RGGI proceeds and the benefits of these investments throughout the region. The lifetime benefits of RGGI investments made in 2020 include:
> $1.9 billion in lifetime energy bill savings
> 6.6 million short tons of CO2 emissions avoided
> These benefits are limited to the direct benefits arising from specific 2020 projects, and do not include larger macroeconomic effects that may occur as a result of the RGGI cap and market signal.
But, even if that wasn't true, the mmain purpose is to efficiently allocate the diminishing amount of GHG releases in the economy. That's why some carbon taxes just get returned to the individuals.
