Vermont participates in the Regional Greenhouse Gas Initiative (RGGI) as one of nine Northeastern states’ efforts to reduce regional greenhouse gas emissions. Market proceeds are invested in renewable energy and energy efficiency programs, according to VTDigger.
Vermont received its carbon allowance in 2009, when it first joined the program and has received about $12 million for thermal efficiency programs by selling its allowances to other states. In the most recent auction in December, Vermont sold nearly all its 288,224 carbon allowances at about $3 each. These proceeds go to Efficiency Vermont for thermal efficiency programs designed to reduce the cost of heating residents’ homes.