Anthony Simon Did Not Vote on this Legislation.
Title: Regional Greenhouse Gas Initiative
Signed by Governor John Lynch
Title: Regional Greenhouse Gas Initiative
Vote to pass a bill creating a cap-and-trade program for carbon dioxide (CO2) emissions, to comply with the regional greenhouse gas initiative (RGGI).
-Establishes an annual statewide CO2 budget of 8,620,460 tons during the years 2009 through 2014, and decreases the annual CO2 budget by 215,512 each year from 2015 through 2018 (Sec. 2). -Requires the Department of Environmental Services to auction carbon credits one or more times throughout each compliance year (Sec. 2). -Requires affected power plants to obtain operational permits by January 1, 2009 to comply with the RGGI (Sec. 2). -Permits the governor to declare an emergency supply crisis with a recommendation by the public utilities commission and the consent of the executive council, allowing power plants to forgo compliance with the emissions caps (Sec. 2). -Establishes a greenhouse gas emissions reduction fund to be continually appropriated to the public utilities commission to be used to increase energy efficiency and reduce emissions (Sec. 2). -Establishes for threshold prices for tons of CO2 with 2009 $6 per ton, 2010 at $8 per ton, 2011 and 2012 at $9 per ton, 2013 and 2014 at $12 per ton and 2015 at $15 per ton (Sec. 2). -Establishes an energy conservation and efficiency board to coordinate energy efficiency, review available energy efficiency and conservation programs, and greenhouse gas emission reductions in the state (Sec. 9).
Title: Regional Greenhouse Gas Initiative
Vote to pass a bill that includes New Hampshire in the Regional Greenhouse Gas Initiative (RGGI): an agreement among regional states to reduce the level of carbon dioxide emissions by requiring fossil fuel burning, electricity generating power plants to obtain carbon dioxide emissions allowances.
- Enumerates the the primary functions of the RGGI (Sec. 1):
Title: Regional Greenhouse Gas Initiative