New Hampshire’s political leaders are getting behind a 10-state regional effort to cut greenhouse gas emissions.
Gov. John Lynch told a House committee yesterday that New Hampshire will benefit environmentally and economically if it approves the Regional Greenhouse Gas Initiative known as RGGI.
Vermont, the other New England states, New York, New Jersey, Delaware and Maryland are already participating in a “cap and trade” system to market allowances for carbon dioxide emitted by power plants.
Under the program, utilities would buy the allowances with the money going into a fund to be used to improve energy efficiency. State regulators would administer the fund.