Just over a year since its inception, the nation's first mandatory cap on greenhouse gas emissions seems to have defied the conventional wisdom -- at least in some quarters -- that cap-and-trade legislation is bad for the economy.
Last month, Maine Gov.John Baldacci(D) attributed the creation of 1,000 jobs to the Regional Greenhouse Gas Initiative (RGGI), a coalition of 10 Northeastern and Mid-Atlantic states dedicated to a modest reduction in the amount of carbon dioxide emitted by power plants.
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