RGGI in New Hampshire: The First Two Years
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The Josiah Bartlett Center for Public Policy has published an in-depth report on New Hampshire’s participation in the Regional Greenhouse Gas Initiative, a ten-state compact designed to reduce carbon dioxide emissions from fossil-fuel power plants. Among the report’s key findings:
*The market for carbon allowances has fallen dramatically, mitigating the cost to New Hampshire ratepayers, but also endangering the revenue stream paying for energy efficiency programs.
*The Public Utilities Commission has dedicated nearly half of RGGI auction revenues to private sector businesses, such as Stonyfield Yogurt, providing a ratepayer subsidy to companies that can afford to make their own energy efficiency improvements.
*The PUC has already committed millions more in grants than has been generated from New Hampshire’s share of the carbon auctions, and New Hampshire may have trouble selling off its remaining carbon allowances.
Read the full report.
RGGI in New Hampshire- The First Two Years 02-15-11
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