HB 1486 - AS INTRODUCED
2024 SESSION
24-2732
08/10
HOUSE BILL 1486
AN ACT relative to proxy carbon pricing in state procurement.
SPONSORS: Rep. Germana, Ches. 1; Rep. Grassie, Straf. 8; Rep. Parshall, Ches. 8; Rep. McGhee, Hills. 35
COMMITTEE: Executive Departments and Administration
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ANALYSIS
This bill requires the department of administrative services to consider proxy carbon pricing in transportation costs and building project costs.
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Explanation: Matter added to current law appears in bold italics.
Matter removed from current law appears [in brackets and struckthrough.]
Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
24-2732
08/10
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Twenty Four
AN ACT relative to proxy carbon pricing in state procurement.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 New Section; Proxy Carbon Pricing. Amend RSA 21-I by inserting after section 14-d the following new section:
21-I:14-e Proxy Carbon Pricing.
I. In this section, "proxy carbon pricing" means the price of the cost of carbon dioxide equivalent greenhouse gas emissions based on modeled rates on a graduated scale over time as set forth in paragraph III.
II. In its procurement decisions, the department of administrative services shall incorporate a proxy carbon price in cost comparisons for transportation costs and for building heating and cooling costs for all new construction and renovations. The calculation of the proxy carbon cost and the cost comparisons for purchasing decisions shall be included in the state’s annual energy report under RSA 21-I:14-c.
III. Beginning January 1, 2025, the commissioner shall use a proxy carbon price of $85 per ton and shall increase such per ton costs by $10 every January 1 until January 1, 2050. Prices shall be inflation-adjusted from a 2010 valuation. The carbon dioxide equivalent emissions of natural gas shall be determined using a methane multiplier of 1.3 times the carbon dioxide emissions of natural gas to account for 1 percent methane leakage at 80 times the 20-year warming forcing equivalence of carbon dioxide.
2 Effective Date. This act shall take effect January 1, 2025.
| Date | Body | Type |
|---|---|---|
| Jan. 18, 2024 | House | Hearing |
| March 6, 2024 | House | Exec Session |
| March 6, 2024 | House | Floor Vote |
March 21, 2024: Inexpedient to Legislate: MA VV 03/21/2024 HJ 9
March 11, 2024: Committee Report: Inexpedient to Legislate 03/06/2024 (Vote 19-1; CC)
Feb. 28, 2024: Executive Session: 03/06/2024 01:30 pm LOB 306-308
Feb. 5, 2024: Subcommittee Work Session: 02/07/2024 09:00 am LOB 104
Jan. 26, 2024: Subcommittee Work Session: 01/30/2024 03:30 pm LOB 210-211
Jan. 5, 2024: Public Hearing: 01/18/2024 02:00 pm LOB 306-308
Dec. 11, 2023: Introduced 01/03/2024 and referred to Executive Departments and Administration HJ 1