Pennsylvania bailed on a carbon market to appease Republicans

Pennsylvania bailed on a carbon market to appease Republicans

Last month, Pennsylvania Governor Josh Shapiro withdrew from the Regional Greenhouse Gas Initiative, or RGGI (pronounced “Reggie”), a cap-and-trade program that establishes a regional limit on carbon emissions from power plants located in the Northeast. Here’s how RGGI works: Each year, credits allowing the power plants to emit a certain amount of carbon dioxide, up to the cap, are auctioned off. The proceeds from these auctions go to RGGI membe…