Title: Emissions system could become national model

" Six months since ten northeast states including Massachusetts but the country's first Cap and Trade System in place to limit carbon dioxide emissions. It's been so successful it could become the national model. But that's not necessarily good news for the regional plan. Boston business journal reporter Jacki nobly joins us from the BBJ newsroom welcome Jacki thank you -- how are you excellent. How. Before we get into this tell us first explain what is the cap and trade plan and why it's important."

" It's important because it's raising tremendous amount of money here Massachusetts. More energy efficiency programs programme is called. The regional greenhouse gas initiative he also -- called by its acronym Reggie. And the way it works is that. Any and any energy that comes from fossil fuels that essentially emits carbon dioxide. Those power producers have to pay. For the right to emit carbon dioxide through auctioning process. The money that is. That those. Energy producers. Hey then goes to the states in here Massachusetts. That money is being spent millions of dollars on improving energy efficiency. To counteract the potential increase costs and the power because of these new. Emissions and because of lower power costs. In many ways it and it's a not quite clear yet exactly how it'll all shake out. That money is still being spent that depends on note you know how much efficiency is gotten out of the system so it's still not --"

" Are not generally. The business community has not been terribly. -- enamored with this program but this is not been the case -- this regional plan."

" That's true cap and trade is quite controversial. Mean in the sense that a federal cap and trade program would likely. Extend to anybody who emits carbon dioxide to big manufacturing plants opponents so forth but what's made -- she really work here locally. Is that it really only facts power producers. And that the money is being recite recycled back into efficiency programs that helps the people who pay for that electricity. Here Massachusetts. Actually the legislature wrote in the loss mandating 80% of the -- proceeds go towards energy efficient now."

" Other states and indeed other nations are looking at this model but as you put out of the story there is a possibility that. A national Reggie if you will. Would be harmful to the regional -- actually would do away with --"

" That's it's really more on that right he could be a victim of its -- sacks. Cup capping trade programs have been long talked about in here up. In Asia and here in the US and -- is really. Being looked at a model that is working its functioning here it's been functioning for about six months. Congressman Markey and congressman Waxman of California. Put together their climate change bill and introduce that this week and congressman Markey spokes men said that. He definitely took a look at Reggie went putting together this bill but like you said. A federal cap and trade program would likely supplant Reggie and it would be phased out in the next decade --"

" All right Jacqui thanks for joining us -- goblet from the Boston business journal thank can't. You can read -- full story in the latest edition of the Boston business juror."