Maine Cap & Trade

Updated 3 years ago

Maine’s Department of Environmental Protection says a Regional Greenhouse Gas Initiative auction has gained $769,000 for the state to go toward energy efficiency programs and job creation.The 10-state cap-and-trade collaborative’s auction of carbon credits was held last week. A total of $25.5 million was made available through proceeds from its 12th auction of carbon credits. Maine is a member state of the collaborative.The $769,092 earmarked for Maine will be managed by the Efficiency Maine Trust to fund programs to improve energy efficiency, accelerate the deployment of renewable energy technologies and provide direct assistance to energy consumers.Since the Regional Greenhouse Gas Initiative’s start, Maine has earned nearly $27 million of the $886.million total.(The Associated Press)


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