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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.
Text to be added highlighted in green.
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.