From the New York Times by Anthony DePalma:
9 States in Plan to Cut Emissions by Power Plants
Officials in New York and eight other Northeastern states have come to a preliminary agreement to freeze power plant emissions at their current levels and then reduce them by 10 percent by 2020, according to a confidential draft proposal.That's a very commendable effort. However, I did not see any mention of the approvals for the new nuclear power generating plants needed to achieve this goal and, by the way, the goal of the "hydrogen" economy. Oh, wait, that's because there wasn't any. I remember how it works:
The cooperative action, the first of its kind in the nation, came after the Bush administration decided not to regulate the greenhouse gases that contribute to global warming. Once a final agreement is reached, the legislatures of the nine states will have to enact it, which is considered likely.
Enforcement of emission controls could potentially result in higher energy prices in the nine states, which officials hope can be offset by subsidies and support for the development of new technology that would be paid for with the proceeds from the sale of emission allowances to the utility companies....
Emissions would be capped at 150 million tons of carbon dioxide a year, a figure that is about equal to the average emissions in the highest three years between 2000 and 2004. Each of the nine states would have its own cap. New York's, at 65.6 million tons, would be the largest. Vermont's would be the smallest, with 1.35 million tons.
The caps would be enforced starting in 2009. By that time, restricting emissions to levels prevailing now would, in effect, require a reduction of emissions relative to power output, because electric generation is expected to increase between now and then. The 150 million-ton cap would be sustained through 2015, when reductions would be required, reaching 10 percent in 2020. The Kyoto protocol freezes emissions at the 1990 level and imposes a 7 percent reduction in 2012.