Environment Northeast released a report last week finding that the Regional Greenhouse Gas Initiative has generated significant economic benefits in participating states, and that those states could benefit even more under an improved program. Proceeds from RGGI allowance auctions are reinvested in energy-efficiency programs, thus generating direct employment and electricity savings at the household and wholesale levels free up funding that can be spent in local economies rather than on imported power. Through April 2011, allowance auctions have generated over a billion dollars in revenue, putting the program on track to add over $1.7 billion in net value to state economies and over 17,100 job years.