Gov. Shumlin announces new cap on regional carbon emissions
February 7, 2013 - MONTPELIER – Gov. Peter Shumlin and other regional Governors today announced that Vermont and the Northeast’s role in tackling climate change is being strengthened with a new limit on carbon emissions. The nine states that make up the Regional Greenhouse Gas Initiative, or RGGI, announced that the annual cap on emissions will be reduced nearly 40 percent from 165 million tons to 91 million tons in 2014, and will decline 2.5 percent per year through 2020.
“Climate change is the single greatest challenge to our future and to the Vermont way of life,” Gov. Peter Shumlin, D-Vt., said. “Capping emissions from fossil-fuel power plants is one important step we can take, and I am proud that Vermont is again taking the lead to improve a program that is just one of the many climate success stories that we are going to need.”