A strong carbon cap is good for Maine’s environment and economy | Bangor Daily News

 Ten years ago last month, Maine joined the Regional Greenhouse Gas Initiative. This historic, market-based initiative among nine states puts a limit on climate-changing carbon pollution from power plants. It has been a remarkable success by any measure. Now, the states are nearing the end of a periodic review of the program. Maine leaders at that table must work to strengthen the program to ensure it continues benefiting Maine’s environment, economy and energy consumers.

As two home energy improvement business owners, we care about the greenhouse gas initiative because the proceeds from it support energy efficiency initiatives through the Efficiency Maine Trust. It sets an annual cap on carbon dioxide emissions from large power plants in the North East. Power generators can buy and sell emission allowances at an annual auction under the program, and that revenue goes back to the states. Since the initiative’s inception, Maine has received $86 million from carbon auctions. A significant portion of that goes to programs helping Mainers invest in cost-effective weatherization and heating efficiency improvements for their homes.

That’s where companies like ours come in. We provide clear information to homeowners about opportunities for energy efficiency improvements and put those solutions to work in Maine homes every day.

Read more of this commentary by Matt Damon and Bo Jesperson.

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