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The Future of RGGI: Updating the Emissions Cap. Presentation to the Restructuring Roundtable February 17 th , 2012 Derek Murrow Energy & Climate Policy Director (ENE) Environment Northeast. 2005 Emissions Projections. Current Emissions and Projections. Generation by Fuel Type. - PowerPoint PPT Presentation
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The Future of RGGI:Updating the Emissions Cap
Presentation to the Restructuring Roundtable
February 17th, 2012
Derek Murrow
Energy & Climate Policy Director
(ENE) Environment Northeast
2005 Emissions Projections
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CO
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RGGI Cap
Actual RGGI Unit Emissions
2005 IPM Projection
Sources: RGGI Emissions Data, RGGI IPM Modeling Results, and ENE Analysis
Current Emissions and Projections
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Current RGGI Cap
Actual RGGI Unit Emissions
BAU - High Combo
BAU - Reference
BAU - Low Combo
Sources: RGGI Emissions Data, RGGI IPM Modeling Results, and ENE Analysis
Cap and modeling adjusted to reflect New Jersey's non-participation after 2011
Generation by Fuel Type
Natural Gas vs. Oil Prices
Allowance Surplus with Retirement
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Retired Allowances
Cumulative Banked Allowances
Current RGGI Cap
Actual RGGI Unit Emissions
BAU - Reference
Sources: RGGI Emissions Data, RGGI IPM Modeling Results, and ENE Analysis
Revised RGGI Cap
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Current RGGI Cap (w/o NJ)
Actual RGGI Unit Emissions (w/o NJ)
BAU - Reference
Revised Cap
Sources: RGGI Emissions Data, RGGI IPM Modeling Results, and ENE Analysis
Revised cap starts at 2009 emissions levels (w/o NJ) : 107 million tons
Reform Principles
Revise the Emissions Cap To actual 2009 emissions level Decline toward 80% reduction
Include Other GHG Emissions Imports Other smokestack GHGs Smaller sources Biomass
Linkage
Contact Information
Derek Murrow
Energy & Climate Policy Director
(203) 285-1946
dmurrow@env-ne.org
Environment Northeast
Rockport, ME / Portland, ME / Boston, MA
Providence, RI / Hartford, CT / Ottawa, ON, Canada
www.env-ne.org
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