RGGI

Environment
5:49 pm
Fri March 7, 2014

RGGI Prices Climb As States Institute Tighter Carbon Cap

While the blue line is price, the red line is demand (how many bids vs. how much available supply)
Credit RGGI Inc / NHPR

The  price power plants will pay to emit a ton of carbon reached a new high in the latest Regional Greenhouse Gas Initiative auction.

This quarter, it cost $4 to buy the right to emit a ton of carbon dioxide; previously, the highest price was $3.51, set in 2009.

In total New England power plant operators spent nearly $94 million to comply with  RGGI, funds which most states reinvest into energy efficiency programs.

The rising price is the result of a lower cap on carbon dioxide that the New England States enacted last year, and which took effect this auction.

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Environment
5:25 pm
Mon December 30, 2013

Push To Ramp Up Energy Efficiency Faces Hurdles Of Trust

Credit Ben McCleod via Flickr CC

When it comes to investing in energy efficiency, many in New Hampshire’s clean energy sector are worried the state is falling behind the rest of the region. A recent national report seems to bear that out. It ranks New Hampshire last in New England for efficiency policies. But efforts to ramp up the least controversial energy policy – using less – could have a hard time getting the support of the state’s business community.

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Environment
5:39 pm
Mon December 2, 2013

RGGI States To EPA: Let Us Regulate Power Plant Carbon

Credit Christian Patti / http://christianpatti.com/

The nine states that are members of the Regional Greenhouse Gas Initiative have written the EPA to ask that RGGI be used as a model for forthcoming national regulations on emissions from existing power plants.

The EPA has already released rules on how much carbon dioxide new power plants are allowed to emit, But the rules that will crack down on existing plants are still in the works.

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Environment
4:42 pm
Fri September 6, 2013

Investment Firms Still Lining Up To Buy RGGI Allowances

Sam Evans-Brown NHPR; Data: RGGI

Results have been posted from the latest auction of allowances for emitting a ton of carbon dioxide under the Regional Greenhouse Gas Initiative or RGGI. After rising in the first half of the year prices and demand have leveled off this quarter. The right to emit a ton of carbon sold for $2.67 this quarter.

That’s down nearly 17 percent from the last auction, but still substantially higher than the floor price where it had been trading for more than two years.

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Environment
6:36 pm
Thu May 23, 2013

Senate Sends Lower RGGI Cap To Governor

New Hampshire’s Senate has joined the House of Representatives and voted to ratchet down the cap on carbon dioxide restrictions under the Regional Greenhouse Gas Initiative, or RGGI. Because of the historic rise of cleaner burning natural gas, it’s been easy for  carbon dioxide RGGI’s existing caps. So earlier this year, the RGGI board asked the member states to lower those caps by 45 percent.

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The Exchange
9:00 am
Tue February 12, 2013

Revising RGGI

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!

Guests

Grant Bosse - Lead Investigator for the Josiah Bartlett Center for Public Policy.

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Environment
6:02 pm
Thu February 7, 2013

RGGI Board Recommends Big Carbon Cap Reduction

Credit Captain Kimo / Flickr Creative Commons

The nine states that make up the Regional Greenhouse Gas Initiative are recommending reducing the cap on power-plant carbon emissions by 45%. The New Hampshire representative on the RGGI board is Tom Burack commissioner of of the DES. 

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Politics
5:30 am
Mon May 28, 2012

Lawmakers Decide to Scale-Back - But Not Repeal - RGGI

Flikr Creative Commons / Claudio Schwarz

Lawmakers in the New Hampshire House and Senate have agreed to try to reform RGGI – the region’s carbon cap-and-trade program – instead of trying to repeal it outright.

The bill that will go to the House and Senate for a final vote would only send around half of the RGGI fund money to energy efficiency programs. The rest would be rebated to electricity rate-payers.

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Environment
5:30 am
Mon May 21, 2012

Energy Efficiency Programs Hang in the Political Balance

RGGI seeks to curb CO2 emissions from power plants.
Flikr Creative Commons / Jim.Richmond

Republican are working at finding common language on a bill that would weaken or repeal the Regional Greenhouse Gas Initiative, or RGGI. They will have to agree on a version that will get enough votes to overcome a governor’s veto.

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NH News
3:47 pm
Tue February 14, 2012

If At First You Don't Succeed... House Reconsiders RGGI Repeal

A House committee reserved Representatives Hall for the hearing on RGGI, but turnout was much more sparse than the space warranted.
Sam Evans-Brown

The House is again considering a bill that would repeal the state’s participation in the Regional Greenhouse Gas Initiative, or RGGI, a carbon cap and trade program.

Opponents and supporters of RGGI wearily filed into the Statehouse, ready to go over the well-rehearsed talking points that they used the last time the program was on the chopping block.

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EarthTalk
12:00 am
Sun January 15, 2012

Cutting Emissions in Northeastern and Mid-Atlantic states

Ten Northeastern and Mid-Atlantic states have, in the face of federal inaction, agreed on a region-wide greenhouse gas emissions limit, enforced through the sale of pollution permits to large fossil fuel power plants there.
iStock Photo/Thinkstock

EarthTalk®
E - The Environmental Magazine

Dear EarthTalk: I understand that some Northeastern and Mid-Atlantic U.S. states have banded together to reduce their own greenhouse gas emissions. Can you enlighten?   -- Bo Clifford, Cary, NC

 

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The Exchange
9:00 am
Thu January 5, 2012

Reviewing RGGI in the Granite State

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.  

Guests

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Environment
3:29 pm
Tue November 15, 2011

Study Shows RGGI Saves Consumers Money

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.

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