Exploring the cap-and-invest option.
David Farnsworth, senior associate with the Regulatory Assistance Project, represented the Vermont Public Service Board on the RGGI Staff Working Group from 2003 to 2008.
With the United States Environmental Protection Agency’s (EPA) proposed Section 111(d) New Source Performance Standards (NSPS) for new plants published in January 2014 – and a proposed rule for existing fossil generators expected in June 2014 – many states are exploring the development of “equivalency plans” that would enable them to flexibly meet compliance requirements in the least disruptive manner and at the lowest cost. States are likely to have many options, as demonstrated by the State of Kentucky, for example, in its recent “Greenhouse Gas Policy Implications for Kentucky under Section 111(d) of the Clean Air Act.”1