These results support my conclusion that RGGI can only claim to raise money effectively.  Claims that RGGI is a successful emission reduction program are inconsistent with the following observations.  The investment costs exceed the expected societal benefits.  The amount raised falls far short of the funds necessary to reduce RGGI emissions in accordance with Third Program Review requirements.   Investment priorities are inconsistent with the emission reduction objectives.  Finally, emission reductions associated with RGGI investments only account for 7.6% of the observed reductions.