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UTAH ENERGY Potential Carbon Markets and Utah Agriculture An Assessment of Opportunities

UTAH ENERGY Potential Carbon Markets and Utah Agriculture An Assessment of Opportunities. Utah State University October 8, 2009. Dianne R. Nielson, Ph.D. Governor’s Energy Advisor State of Utah www.energy.utah.gov. UTAH ENERGY GOALS. AFFORDABLE ENERGY SUSTAINABLE ECONOMY

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UTAH ENERGY Potential Carbon Markets and Utah Agriculture An Assessment of Opportunities

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  1. UTAH ENERGYPotential Carbon Markets and Utah AgricultureAn Assessment of Opportunities Utah State University October 8, 2009 Dianne R. Nielson, Ph.D. Governor’s Energy Advisor State of Utah www.energy.utah.gov

  2. UTAH ENERGY GOALS • AFFORDABLE ENERGY • SUSTAINABLE ECONOMY • STRENGTHEN ENERGY SECURITY AND INDEPENDENCE • REDUCE EMISSIONS

  3. UTAH ENERGY STRATEGY Diversify Energy Portfolio of Renewables and Non-Renewables Promote Economic Development Improve Energy Efficiency and Conservation Improve Environmental Quality and Reduce Emissions Develop Transmission and Transportation Maintain Quality of Life

  4. UTAH ENERGY TARGETS Improve Energy Efficiency by 20% by 2015 Generate 20% of Electricity from Renewable Energy Sources by 2025 Reduce Greenhouse Gas Emissions to 2005 Level by 2020

  5. GREENHOUSE GAS EMISSIONS About 87 percent of U.S. greenhouse gas emissions come from energy production and use, as shown in the left pie chart. The right pie chart breaks down these emissions by greenhouse gas. (NOAA, 2009)

  6. UTAH GREENHOUSE GAS EMISSIONS Nicholas Institute, 2009

  7. MARKETS Cap and Trade Incentives Carbon Tax MANDATES Regulation, Performance-based Regulation, Technology-based Carbon Tax Reduction of Greenhouse Gas Emissions

  8. Agriculture AgricultureCarbon Carbon MarketEmissions Opportunities • Forest Management • Rangeland Management • Manure Management & Anaerobic Digester • Soil Sequestration • Biomass Fuels • Biofuels • Reduced Fertilizer Use • Energy Efficiency and Conservation

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