Under RGGI, or the Regional Greenhouse Gas Initiative, power-plants in nine Northeastern states, including New Hampshire, have had to cap carbon emissions for the past four years. Now, RGGI officials want to lower the caps, making utilities tighten up more, but there’s opposition to this in New Hampshire. We look at the arguments and what may happen next!
Grant Bosse - Lead Investigator for the Josiah Bartlett Center for Public Policy.
Two recent reports examined the impact of this Regional Greenhouse Gas Initiative or RGGI on New Hampshire. One touts the energy savings that have come from the program, the other suggests that the Granite State may not be benefiting as much as other participating states. We’ll look closer at these two studies and how they may play into bills aimed at repealing or revising RGGI this year in the legislature.
The Regional Greenhouse Gas Initiative faces an uncertain future in some states. New Jersey plans to end its participation and New Hampshire has considered legislation that would do the same.
But a new analysis shows the carbon dioxide cap and trade program has saved consumers money and created jobs. Under the program, power producers buy pollution allowances at auction for each ton of carbon dioxide they emit.