ABB_id2059
in News Departments > Policy Watch
print the content item

Gov. Ruth Ann Minner, D-Del., has signed Senate Bill 263, authorizing the state to participate in the Regional Greenhouse Gas Initiative (RGGI), a market-based program designed to reduce greenhouse gas (GHG) emissions from fossil-fuel-fired power plants. The program includes nine other mid-Atlantic and northeastern states.

The legislation establishes the framework for Delaware's program and authorizes the Department of Natural Resources and Environmental Control to adopt regulations to fully implement the law. The 10-state initiative begins Jan. 1, 2009.

"As a coastal state, we are at great risk from the effects of climate change and rising sea levels," says Minner. "Many other states are learning from the RGGI model, and I am pleased that Delaware can now be a part of this historic program to begin to seriously address the challenges presented by GHG emissions and their impacts."

Under the program, fossil fuel power plants must purchase credits equal to the amount of carbon dioxide (CO2) emissions they produce. One credit is equivalent to one ton of CO2. Each participating state will receive an allocation of credits based on an average of emissions from regulated power plants (25 MW or larger). RGGI states will hold regular auctions allowing power plant operators to purchase credits needed.

SOURCE: Office of Gov. Minner

IOWA Economic Development id2073

Trachte_id2056
Latest Top Stories

The Song Remains The Same: AWEA Says Stable Policy Can Protect U.S. Wind Investment

Although the U.S. wind industry added more than four times the amount of wind in 2014 compared with 2013, predictable policy is needed to sustain its long-term success.


High Net-Worth Investors Claim 'All Of The Above' On Energy, Renewable And Otherwise

According to a recent Morgan Stanley poll, high-dollar investors favor investment in renewable energy technologies, such as wind and solar.


U.S. Wind Power Installations Surpassed 4.7 GW Last Year, Although China Still Leads

Bloomberg New Energy Finance reports that U.S. wind installations came back in a big way from a disappointing 2013.


IRS Specifies Performance, Quality Standards For Small Wind Turbines

The Internal Revenue Service (IRS) recently issued guidelines creating safety and performance standards for small wind turbines to be eligible for the 30% investment tax credit.


Hot Times North Of The Border: Canada Tops Previous Record For Installed Wind Capacity

For the second consecutive year, Canada's wind market has bested the country's previous mark for new installations.

Hybrid Energy Innovations 2015