EMISSIONS TRADING
2001 amendment effective July 2001 mandated adoption of 4 goals for emissions trading program for electric power industry:
- Program shall foster competition
- Program should encourage construction of clean, new generating facilities
- Program shall provide 5% set-asides for new sources for first 5 years, 2% by year thereafter
- Program shall provide allocation period of 5 years
These trades shall not adversely impact air quality