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Minimizing Costs for Consumers Under a Global Warming Pollution Cap. Dale S. Bryk Natural Resources Defense Council. NARUC Summer Conference July 16, 2007. Driving Investment in Least Cost Solutions. Price signal of cap or tax (does not overcome market barriers) Allowance revenue
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Minimizing Costs for Consumers Under a Global Warming Pollution Cap Dale S. Bryk Natural Resources Defense Council NARUC Summer Conference July 16, 2007
Driving Investment in Least Cost Solutions • Price signal of cap or tax (does not overcome market barriers) • Allowance revenue • Essential complementary policies • Energy efficiency procurement standards • Remove utility disincentives (revenue decoupling) • System benefit charge programs • Codes and standards
Allowance Distribution Objectives • Protect consumers • Reduce overall program costs • Advance program goals/ promote clean energy • Avoid windfall profits • Avoid perverse incentives • Transition assistance for workers