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RGGI: CO2 Cap and Trade in New Hampshire

RGGI: CO2 Cap and Trade in New Hampshire

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Published by Andrew Edwards
Our greatest challenge in confronting climate change will be the transition away from fossil fuel combustion as our primary source of electricity. The market-based policy of cap and trade is a preferable solution to this problem that forces electric generators to compete for the right to emit CO2 while minimizing damage to the economy. This policy is studied from the perspective of a state legislator deciding whether to adopt it, and evaluated in the context of a proposed federal policy.
Our greatest challenge in confronting climate change will be the transition away from fossil fuel combustion as our primary source of electricity. The market-based policy of cap and trade is a preferable solution to this problem that forces electric generators to compete for the right to emit CO2 while minimizing damage to the economy. This policy is studied from the perspective of a state legislator deciding whether to adopt it, and evaluated in the context of a proposed federal policy.

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Categories:Types, Research, Law
Published by: Andrew Edwards on Aug 26, 2009
Copyright:Attribution Non-commercial

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10/19/2011

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The Regional Greenhouse Gas Initiative
CO2 Cap and Trade in New Hampshire
Andrew J. Edwards
 
August 26, 2009
 
Professor Kent J. Rissmiller
 
I
NTERACTIVE
Q
UALIFYING
P
ROJECT
R
EPORT
 
Submitted to the faculty of Worcester Polytechnic Institute in partial fulfillment of the Degree of Bachelor of Science In cooperation with the Science, Technology & Energy Committee of the New Hampshire House of Representatives 
 
 
1
Abstract
Our greatest challenge in confronting climate change will be the transition away from fossil fuelcombustion as our primary source of electricity. The market-based policy of cap and trade is apreferable solution to this problem that forces electric generators to compete for the right to emitCO
2
while minimizing damage to the economy. This policy is studied from the perspective of astate legislator deciding whether to adopt it, and evaluated in the context of a proposed federalpolicy.
 
2
Acknowledgements
 
This project would not have been completed without the persistent support and guidance of Professor Kent Rissmiller. I could not have hoped to find an advisor more enthusiasm, expertise,and fluency in the subject matter. He turned my legislative experience into an academic successand for that he is owed a great deal of thanks.This project also would not have been conceived without the dedication of my colleagues whoworked tirelessly on HB 1434. I would like to specifically thank Representative Naida Kaen, myformer chair on the Science, Technology & Energy committee, and Representative Tom Fargo,my former seatmate. In the course of this project, I learned a great deal from both of them aboutwhat it means to be a public servant.
 

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