As with the Clean Air Act; we all win under Cap & Trade

One of the main complaints about the first cap-and-trade regime for greenhouse-gas emissions in the U.S. was well answered in a study released this week.
Critics had argued that the Regional Greenhouse Gas Initiative -- which links New York, Connecticut and eight other Northeastern states -- would increase energy costs for consumers. Based on its first three years, RGGI (pronounced Reggie) will actually do the opposite, producing $1.3 billion in consumer savings over the next decade, according to the study by the Analysis Group, an economic consulting firm. That’s because most participating states are investing a significant portion of their proceeds from carbon-allowance sales in energy-efficiency programs that reduce consumer bills.