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Date
We talk about greenho
use gases and global climate change in our book. We know that there is much controversy surrounding global climate change and the contributions made by green house gases (GHGs). It is clear from the scientific evidence that key contributor to GHG is carbon dioxide (CO2). It is also clear that the use of fossil fuels is the primary source of CO2 emissions. To that end, nine northeastern and Mid-Atlantic states have decided to get together and strengthen their limits on CO2. It is called the Regional Greenhouse Gas Initiative (RGGI), although I may have named it differently like maybe the Regional Green House Gas Reduction Initiative, but I get it.
Anyway, the “Initiative” is targeting the reduction of CO2 emissions fromthe current of 165 million tons to 91 million ton – a 45% reduction from 2005 levels. The cap would be lowered an additional 2.5 percent per year from 2015 – 2020. According to a recent article by AP writer Bob Salsberg, “The RGGI cap-and-trade program is the nation’s first market-based regulatory program for greenhouse gases. It requires power plants that generate more than 25 megawatts to purchase an allowance for each ton of carbon they emit. The allowances can be bought and sold among plants, giving companies a financial incentive to operate more cleanly.”
The states, Connecticut, Delaware, Massachusetts, my state, Maine, New Hampshire, New York, Rhode Island, and Vermont participate in the initiative. Auctions of the permits will fund green energy projects. Maryland plans to use their revenue for programs for energy efficiency, low-income energy aid, and renewable energy. RGGI predicted that the program will generate approximately $2.2 billion by 2020. While intended as a national model, it has failed to take hold in other parts of the country. The opponents tend to believe that it will increase the cost of power generation which will be passed on to consumers. But according to RGGI, it is expected that carbon allowances will rise from $4 to $10 resulting in an approximately 1% increase in electric bills.
Environmental groups as well as scientists applaud the new rules and urge other regions to adopt similar programs. It is just one of the many proposed solutions that in concert could help to reduce greenhouse gas emissions and by extension, help to mitigate future effects of global climate change. It is clear that global climate change is happening. Recent snow storms in the northeast are adding fuel to that argument. However, even late night comedians still wonder if there is global warming as John Stewart said recently, “It's all a conspiracy of those darned 'fat cat' scientists’ It’s cold where I live.” It may seem that way, but the two recent storms we’ve had here in Maine have been heavier and blizzard like, a potential consequence of global warming. "Shorter snow season, less snow overall, but the occasional knockout punch," Princeton University climate scientist Michael Oppenheimer said. "That's the new world we live in." Can we change it?
Posted
by
Dave Shirley
on: February 19, 2013 02:52 PM |
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