Thursday, February 10, 2011

FACTS ON THE REGIONAL GREENHOUSE GAS INITIATIVE (RGGI)

· Carbon dioxide permit auction costs of $19 million have already been passed on in electric bills to consumers in Delaware and this could increase to as much as $35 million a year.

· 2019 goal of 10% reduction in electric power plant carbon dioxide emissions have already been met but not by renewable power as planned. Plant closings and fuel switching from coal to natural gas have reduced emissions 40% after accounting for the recession.

· Delaware will soon import 60% of our electric power from other states thus exporting about 1000 jobs.

· Several states have introduced bills to repeal RGGI, Delaware should join them.

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