The Pennsylvania General Assembly is back in session, and with it, calls by Governor Wolf for Pennsylvania to join the Regional Greenhouse Gas Initiative. This would be a bad idea for the Keystone State.
The RGGI features a cap-and-tax program, which taxes businesses and families just to heat and cool their offices and homes. Pennsylvania is already paying the one of the highest state gas taxes in the country. Nearly a million Pennsylvania households spend over 10% of their annual income on energy bills. The RGGI would greatly increase those costs.
RGGI would raise energy electricity prices making Pennsylvania a less competitive place to invest in manufacturing, a sector that employs 9.47 percent of our state workforce and is responsible for 11.65 percent of the total economic output in the Commonwealth.
RGGI would also reduce Pennsylvania’s productivity, and as a result, its economic competitiveness. Studies have shown that states that join RGGI experience a 13% drop in goods production and a 35% drop in the production of energy-intensive products — such as primary metals, paper products and food— compared with non-RGGI states.
RGGI has been shown to decrease opportunities for residents of the states that adopt it. Encourage lawmakers to reject any proposals to join RGGI.