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Deadline For Public Comment

Deadline: Aug 05, 2013

The deadline for public comment has expired. Contact the agency or primary contact person listed below for assistance.

Rule Details

Rule Number: 13P023
Title: Amendments to Vermont CO2 Budget Trading Program
Type: Standard
Status: Adopted
Agency: Air Quality & Climate Division, Agency of Natural Resources.
Legal Authority: 10 V.S.A. § 558 and 30 V.S.A. § 255
Summary: The proposed rule would amend the Vermont CO2 Budget Trading Program Regulations, which implement the Regional Greenhouse Gas Initiative (RGGI) in Vermont, to reflect revisions made to the RGGI model rule. The RGGI states (CT, DE, ME, MD, MA, NH, NY, RI, and VT) updated the model rule to incorporate recommendations that resulted from a comprehensive program review, including a decision to lower the regional cap from 165 million tons to 91 million tons in 2014 and maintain a 2.5 annual cap reduction thereafter. The proposed amendments would modify Vermont's base CO2 budget for 2014-2020; establish interim control periods; expand the forest offset category to include reforestation, improved forest management, and avoided conversion; move existing offset project standards from a procedure into the rules; and make minor formatting changes and updates. Note that changes to the RGGI auction provisions are not included because the Public Service Board oversees the sale of and proceeds from CO2 allowances.
Persons Affected: Environmental and energy advocates, electricity generators, distribution companies, independent system operators (ISOs) such as ISO New England, non-electric generator business interests, consumer representatives, offset stakeholders, government stakeholders, other stakeholders and individuals interested in reducing greenhouse gas emissions.
Economic Impact: A macro-economic impact study of the updates to the RGGI program concluded that the impacts on the economies of the participating RGGI states would be small and generally positive. Investments of RGGI proceeds are expected to produce minor boosts to gross state product, employment and real income. In Vermont these benefits will largely result from investments in fossil fuel energy efficiency. On a regional basis, electric ratepayers are expected to experience modest increases in their electric bills. These increases are expected to be even smaller in Vermont than the rest of the region since the state receives a large portion of its electricity from sources that do not rely on fossil fuels. Improvements in end-use electric efficiency from o
Posting date: Jun 26,2013

Hearing Information

Information for Hearing # 1
Hearing date:
07-29-2013 6:00 PM   
Location: Pavilion Building Auditorium
Address: 109 State Street
City: Montpelier
State: VT
Zip: 05602
Hearing Notes:

Contact Information

Information for Contact # 1
Level: Primary    
Name: Elaine 0'Grady    
Agency: Air Quality & Climate Division, Agency of Natural Resources.    
Address: 1 National Life Drive, Davis Building - 2nd Floor    
City: Montpelier    
State: VT    
Zip: 05620-3802    
Telephone: 802-343-7221    
Fax: 802-828-1250    
Email: 
elaine.ogrady@state.vt.us
     
 
   
Website Address:  http://www.anr.state.vt.us/air/htm/proposedamendments.htm
     
 
   
Information for Contact # 2
Level: Secondary    
Name: Dick Valentinetti    
Agency: Air Quality & Climate Division, Agency of Natural Resources.    
Address: 1 National Life Drive, Davis Building - 2nd Floor    
City: Montpelier    
State: VT    
Zip: 05620-3802    
Telephone: 802-760-7992    
Fax: 802-828-1250    
Email: 
dick.valentinetti@state.vt.us
     
 
   
       

Keyword Information

Keywords:

RGGI
CO2
cap and trade
greenhouse gas
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