New Hampshire Officially Signs Onto RGGI
June 13, 2008 3:24 PM | Posted by firstname.lastname@example.org | Topic(s): State Policy/Programs
, Regional Policy/Programs
, Carbon Markets
On June 11, New Hampshire Governor John Lynch signed into law legislation
making his State a part of
the multi-state Regional Greenhouse Gas Initiative
(RGGI). The legislation also authorizes a cap-and-trade program for CO2 emissions, following the RGGI model statute, and establishes a state energy conservation and efficiency board. Like the RGGI model cap-and-trade law, the New Hampshire statute provides for the auctioning of almost all allowances, but does allow early reduction allowances to be granted to affected CO2 sources.
signatories including Maine
and New York
have proposed or implemented all-auction trading schemes, as well.