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 BackHOUSE OF REPRESENTATIVES
Committee Report
| Legislation: | SB 263 |
| Sponsor: | McDowell |
| Long Title: | AN ACT TO AMEND TITLE 7 OF THE DELAWARE CODE RELATING TO A REGIONAL GREENHOUSE GAS INITIATIVE AND CO2 EMISSION TRADING PROGRAM. |
| Committee: | ENERGY AND NATURAL RESOURCES |
| Number of Committee Members: | 13 |
| Date of Report: | 06/18/2008 |
| Committee Vote: | Favorable: | On Its Merits: | Unfavorable: |
| 0 | 8 | 0 |
Purpose of the Bill : This bill grants legal authority for Delaware to participate in the Regional Greenhouse Gas Initiative (RGGI) CO2 cap and trade program. The bill grants DNREC the authority to implement the program including promulgating regulations and implementing or participating in an allowance auction as necessary to fulfill the goals of the program. This bill further requires that all proceeds from the sale of RGGI CO2 allowances be used for public benefit purposes and directs revenues to the Delaware Sustainable Energy Utility (SEU) for the promotion of energy efficiency and renewable energy technologies, to programs designed to help low income ratepayers, to a Greenhouse Gas Reduction Program and to DNREC for administration of the program.
Committee Findings: The Committee found that this legislation is the result of several meetings over the past year of a workgroup, which allowed the opportunity for stakeholder and public input towards a final report. The provisions in the workgroup's final majority report were incorporated in this legislation.
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