HOME          CATEGORIES          OUR TAKE

Maryland taps carbon permit coffers for power bill rebates

A cap and trade program is one option being explored by the United States as a method to reduce greenhouse gas emissions.  While legislation at the national level has yet to set up such a program, a group of states in the Northeast has started their own regional cap and trade system, the Regional Greenhouse Gas Initiative (RGGI).  Under RGGI, emissions allowances are auctioned amongst participants who emit greenhouse gases.  The revenue generated from the auction is in turn to be used to fund programs which support the use of clean and efficient energy. 

The state of Maryland, a member of RGGI, has “broken the rules,” and is using the money from the auction to subsidize low-income family’s energy bills.  Rather than using the income for its designated purpose, Maryland is prolonging the use of the energy sources contributing to global climate change.  According to analysts, the state’s decision to use the money to help pay residents pay for energy is only a short-term fix, not a long-term solution.

Controversy over this issue will likely continue in the near future, as President Obama’s budget includes a proposal to start a national cap and trade system, from which the revenue generated by this auction will be given back to the taxpayers.

Comment on this article

ClimateYou moderates comments to facilitate an informed, substantive, civil conversation. Abusive, profane, self-promotional, misleading, incoherent or off-topic comments will be rejected. Moderators are staffed during regular business hours (New York time) and can only accept comments written in English.

Leave a Reply

Your email address will not be published. Required fields are marked *


Share on facebook
Share on twitter
Share on reddit
Share on email

More Posts Like This


Q&A: ClimateYou.org Senior Editor George Ropes on COP 26 & Climate Future

ClimateYou.org Senior Editor George Ropes discussed his own evolution in learning about and formulating views on climate change, his thoughts on COP26 in Glasgow happening now, and global warming going forward. Abby Luby, ClimateYou Editor was the interviewer. This interview has been edited for publication purposes. AL:      When


My Take: Vote at the Ballot by City Tech Blogger Brian Gomes

We are seeing the dangerous effects of climate change more than ever before. In 2020 California had 9,917 incidents of wildfires that burned though 4,257,863 acres of land. It was one of the worst recorded years for the state, but it’s not the only place that has been


Our Take: An Empty-handed Biden Will Bereave us all

A piece in The Guardian titled “Is Joe Biden about to show up at COP26 empty-handed?”, by climate activist and author Kate Aronoff, argues persuasively that President Joe Biden has the executive powers necessary to set the US on a course to replace climate-heating fossil fuels with ones that

Take action in the fight against climate change