Gov. John Baldacci, D-Maine, has signed into law LD 1851, ‘An Act To Establish the Regional Greenhouse Gas Initiative Act of 2007.’ The bill establishes the road map for Maine's implementation of the Regional Greenhouse Gas Initiative (RGGI) – a first-of-its-kind collaboration of states to reduce greenhouse gas emissions, the governor's office says.
‘The bill I am signing today builds on my commitment to lower emissions and fund new investments in cleaner technologies and energy efficiency and conservation,’ commented Baldacci at the signing. ‘These investments will improve the competitiveness of Maine's businesses and lower electricity rates for consumers, individuals and businesses.’
According to Baldacci, Maine entered into the RGGI agreement in 2005 – nine other states are participating in this cap-and-trade system for carbon dioxide emissions.