Cap-and-Trade Policy Could Benefit Wyoming

November 16th, 2009 • Filed Under
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Reported by Staff

Last month Dustin Bleizeffer of the Casper Star Tribune worte an interesting article about the potential positive benefits of a cap-and-trade policy on Wyoming.

The piece was based on research conducted by a University of Wyoming graduate student, Milton Geiger.

Geiger said the state probably would receive more energy-based revenues under the plan because the effort to reduce greenhouse gas emissions probably would spur natural gas production and wind energy while also supporting technologies to curb emissions from coal.

While it now appears that final climate change legislation may not be finalized in Washington D.C. this year, the premise of Geiger’s opinion has merit.

Geiger created the policy model based on data generated by the U.S. Department of Energy.

“Because Wyoming is a leader in energy, it could consider this legislation an opportunity to place more of an emphasis on extracting cleaner energy provided by natural gas with this added economic incentive and better position itself, from a policy standpoint, to be a leader in investing in and developing renewable wind energy,” Geiger said in a release distributed to media outlets.

Stay tuned.

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