A Pioneering Approach to Carbon Markets
By M.J. Bradley & Associates | February 2017
This comprehensive historical narrative, captured in the report and told in video, tells the compelling story behind the genesis of RGGI. George Pataki, a Republican, as Governor of New York, reached out to fellow Governors, across the aisle and the region, to envision a market-based way to reduce carbon emissions and reliance on fossil fuels. Leading experts and RGGI state officials provide a window into that exciting moment in time: the demands and decisions, perils and possibilities. One decision proved fateful and all important to RGGI’s success: auctioning allowances rather than giving them away for free.