By Alex Newman
December 10, 2010
While Americans were battling cap-and-trade legislation at the national and international levels, global-warming alarmists were quietly building regional systems between state and local governments, private industry, and even foreign governments that basically achieve the same effect — higher energy prices for consumers and more money for governments.
The first and most prominent of these U.S. cap-and-trade systems is known as the Regional Greenhouse Gas Initiative (RGGI). It was created not by the people through their legislatures, but by a so-called “Memorandum of Understanding” between state governors.
Consisting so far of 10 Northeastern and mid-Atlantic states — Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Rhode Island, and Vermont — the scheme is described on the RGGI website as “the first mandatory, market-based effort in the United States to reduce greenhouse gas emissions.” Its board of directors consists primarily of each participating state’s top environmental bureaucrats.