Statement: RGGI Begins Auction of Emission Allowances

Statement of Eileen Claussen, President
Pew Center on Global Climate Change

September 25, 2008

Today marks an historic milestone for U.S. climate action. The start of the Regional Greenhouse Gas Initiative (RGGI) auction of emission allowances demonstrates both how far we’ve come and how far we need to go to effectively address climate change. RGGI and other U.S. state and regional efforts demonstrates that effective cap-and-trade programs can be implemented. These states are paving the path to a comprehensive national program that offers the most cost-effective solution to significantly reduce U.S. greenhouse gas emissions. 

A new President will be elected in less than six weeks, and I’m optimistic that this change will deliver the political leadership required to seriously address climate change. As we await the new Administration and Congress, RGGI leads by example to show government and business leaders that cap and trade is a manageable, economically-efficient approach to reduce GHG emissions. 

The Pew Center on Global Climate Change served as a member of the RGGI Resource Panel, which provided technical assistance in the RGGI design.

Visit our Regional Greenhouse Gas Initiative page to learn more.