Greenhouse gas auction revenues can help cut Md. electric use significantly, ...(he report says. The full CIER repor...)
Navigation Links
Greenhouse gas auction revenues can help cut Md. electric use significantly, says study
Date:10/22/2008
he report says.
The full CIER report is available online: http://cier.umd.edu/RGGI/index.html.
SPECIFIC FINDINGS
Among the CIER study's findings:
- CUTS IN ELECTRIC USE: Devoting all revenues toward energy efficiency could cut electricity demand and consumption an additional six percent when compared to the minimum investment strategy, almost entirely by reducing imports from out-of-state generators.
- CONSUMER SAVINGS: Devoting more of allowance revenues to efficiency will modestly reduce the expenditures on electricity by Maryland consumers. This is due to the combination of small effects on electricity prices and reduced usage. Maximizing auction investments could cut electric bills up to seven percent more than the minimum investment strategy. For the average household, this translates into an additional savings of roughly $72 per year by 2020.
- GENERATOR PROFITS: Maryland electricity generators would see substantially less than a one percent drop in revenues, regardless of the investment strategy. Reductions in energy usage would primarily translate into a drop in imports from out-of-state generators. Also, generators will tend to pay less at auction as demand drops (see below).
- AUCTION REVENUES DECLINE: Investments in efficiency will ultimately drive down revenues produced by the auctions. As consumption drops, so will the price generators will be willing to pay at auction. Maximizing investment may translate into an additional nine percent drop in auction revenues compared to the minimum investment level.
- OVERALL POSITIVE ECONOMIC IMPACT: Maximizing investments in energy efficiencies creates the greatest economic benefit to Maryland in terms of gross state product, employment and wages. Investing 100 percent of auction revenues would translate into an additional half a billion dollars by 2020 and an add
'/>"/>
| Contact: Neil Tickner ntickner@umd.edu 301-405-4622 University of Maryland Source:Eurekalert |
Related biology news :
1. A greenhouse in order to study the impact of climate change on plants
2. RIT to study air pollution and greenhouse gas emissions in the Great Lakes region
3. Economical, nonpolluting solutions to greenhouse growing found
4. Planting carbon deep in the earth -- rather than the greenhouse
5. Biodiesel could reduce greenhouse gas emissions
6. Hellish hot springs yield greenhouse gas-eating bug
7. Greenhouse gas from English streams
8. A link between greenhouse gases and the evolution of C4 grasses
9. UC San Diego begins trading greenhouse gas credits on Chicago Climate Exchange
10. Greenhouse ocean may downsize fish
11. Voyage to Southern Ocean aims to study air-sea fluxes of greenhouse gases
Post Your Comments:
Breaking Biology News(10 mins):Study shows nearly 1/3 of human genome is involved in gingivitis 2Study shows nearly 1/3 of human genome is involved in gingivitis 3White, but not pure 2White, but not pure 3Omega 3s Benefit Heart Attack Survivors Healthy Adults Mothers and Infants 51086 1Omega 3s Benefit Heart Attack Survivors Healthy Adults Mothers and Infants 51086 2Evidence based information about complementary and alternative medicine treatments now available 51081 1Evidence based information about complementary and alternative medicine treatments now available 51081 2Faster more cost effective DNA test for crime scenes disease diagnosis 9166 1
Other Biology News:Newly discovered genetic disease sheds light on body's water balance 2Newly discovered genetic disease sheds light on body's water balance 3Newly discovered genetic disease sheds light on body's water balance 4Newly discovered genetic disease sheds light on body's water balance 5Biologists determine genetic blueprint of social amoeba 2Biologists determine genetic blueprint of social amoeba 3Scientists succeed in cloning human embryos from eggs matured in the lab 2Scientists succeed in cloning human embryos from eggs matured in the lab 3
Breaking Biology Technology:Publication in Neuropsychopharmacology Confirms CeNeRx's Novel RIMA Antidepressant TriRima(TM) Selectively and Reversibly Inhibits MAO-A 2Publication in Neuropsychopharmacology Confirms CeNeRx's Novel RIMA Antidepressant TriRima(TM) Selectively and Reversibly Inhibits MAO-A 3Publication in Neuropsychopharmacology Confirms CeNeRx's Novel RIMA Antidepressant TriRima(TM) Selectively and Reversibly Inhibits MAO-A 4Merrimack Pharmaceuticals Acquires Hermes Biosciences, Inc. 2Merrimack Pharmaceuticals Acquires Hermes Biosciences, Inc. 334th Annual Hutch Holiday Gala Raises More Than $7 Million For Cancer Research 234th Annual Hutch Holiday Gala Raises More Than $7 Million For Cancer Research 3Vivakor Confirms Record Date of Stock Dividend 2Vivakor Confirms Record Date of Stock Dividend 3
[0] Publication in Neuropsychopharmacology Confirms CeNeRx's Novel RIMA Antidepressant TriRima(TM) Selectively and Reversibly Inhibits MAO-A[0] Merrimack Pharmaceuticals Acquires Hermes Biosciences, Inc. [0] 34th Annual Hutch Holiday Gala Raises More Than $7 Million For Cancer Research[0] Vivakor Confirms Record Date of Stock Dividend
Other Biology Technology:Penn State gets $5M NSF grant for Nanotech Applications and Career Knowledge 2Caliper Life Sciences' Third Quarter 2008 Financial Results Conference Call Notice 2Advanced Life Sciences Completes Debt Transaction 2
Biology Products:
HRP-STABILPLUS from AbD SerotecGoat Anti-Human p27 KIP 1 Polyclonal Antibody, Unconjugated from AbcamGoat Anti-Wnt-1 (G-19) Polyclonal Antibody, Unconjugated from Santa Cruz Biotechnology, Inc.Chicken Anti-G4-1 (Hypothetical protein FLJ20644, likely ortholog of mouse phosphatase subunit gene g4-1) Polyclonal Antibody, Unconjugated from GenWay Biotech, Inc.
| Copyright © 2003-2009 Bio-Medicine. All rights reserved. ABOUT | CONTACT US | DISCLAIMER | PRIVACY POLICY | TERMS AND CONDITIONS |  |