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Data: Regional Greenhouse Gas Initiative; Chart: Axios Visuals

The consortium of Northeast and mid-Atlantic states that have a carbon pricing system for power plants is out with a new report that shows there the money raised is going.

Where it stands: States that belong to the Regional Greenhouse Gas Initiative (RGGI), which auctions pollution "allowances" under its cap-and-trade system, have steered a total of $2.4 billion into those areas since the program launched in 2009, the report shows.

Quick take: The report underscores how carbon pricing can raise substantial revenue for initiatives that help reduce emissions, even if the CO2 prices themselves are too low to directly cause changes in the power mix.

  • And that has arguably been the case with RGGI, which has seen fairly low prices at its pollution allowance auctions over the years.
  • Other forces, namely the rise of cheap natural gas and renewables' growth, have been key drivers of changes to the electricity mix and emissions cuts in RGGI states.

Go deeper: The semantics of carbon pricing ahead of 2020

Go deeper

Robert Mueller speaks out on Roger Stone commutation

Former Special Counsel Robert Mueller testifies before the House Permanent Select Committee on Intelligence on Capitol Hill on Wednesday July 24, 2019. Photo: The Washington Post / Contributor

Former special counsel Robert Mueller responded to claims from President Trump and his allies that Roger Stone was a "victim" in the Justice Department's investigation into Russian interference in the 2016 election, writing in a Washington Post op-ed published Saturday: "He remains a convicted felon, and rightly so."

Why it matters: The rare public comments by Mueller come on the heels of President Trump's move to commute the sentence of his longtime associate, who was sentenced in February to 40 months in prison for crimes stemming from the Russia investigation. The controversial decision brought an abrupt end to the possibility of Stone spending time behind bars.

Trump dons face mask during Walter Reed visit

Trump wearing a face mask in Walter Reed National Military Medical Center on July 11. Photo: Alex Edelman/AFP via Getty Images

President Trump wore a face mask during his Saturday visit to Walter Reed National Military Medical Center, according to AP.

Why it matters: This is the first known occasion the president has appeared publicly with a facial covering as recommended by health officials since the coronavirus pandemic began, AP writes.

Updated 9 hours ago - Politics & Policy

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Illustration: Sarah Grillo/Axios

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