Tuesday, January 9, 2018

It's Not Easy Being Green in the Northeast

The Regional Greenhouse Gas Initiative (RGGI) is a cooperative effort formed in 2012 among the states of ConnecticutDelawareMaineMarylandMassachusettsNew HampshireNew YorkRhode Island, and Vermont to cap and reduce CO2 emissions via the much-touted "cap and trade" mechanism. While to date nobody has claimed that this initiative has done anything to reduce global temperatures, it has clearly reduced the number of manufacturing jobs in those states. Since 2012, the number of manufacturing jobs is the United States increased 5.4% while the number of manufacturing jobs in the RGGI states fell by 3.8%. I guess that's okay with the people who created this cooperative. They don't work in manufacturing. 

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