Bill

Bill > HB278


NH HB278

NH HB278
Relative to proxy carbon pricing in state procurement.


summary

Introduced
01/07/2025
In Committee
03/03/2025
Crossed Over
Passed
Dead
03/20/2025

Introduced Session

2025 Regular Session

Bill Summary

This bill requires the department of administrative services to consider proxy carbon pricing in transportation costs and building project costs.

AI Summary

This bill requires the New Hampshire Department of Administrative Services to incorporate "proxy carbon pricing" into its procurement decisions for transportation and building heating/cooling costs. Proxy carbon pricing is defined as a calculated cost representing greenhouse gas emissions, which will start at $85 per ton of carbon dioxide equivalent in January 2026 and increase by $10 every January 1st until reaching January 1, 2050. The bill specifically uses a methane multiplier of 1.3 to account for potential methane leakage, considering methane's higher warming potential compared to carbon dioxide. The department must include these carbon cost calculations in the state's annual energy report, with prices inflation-adjusted from a 2010 baseline. While the bill does not provide direct funding or authorize new positions, it could potentially impact state procurement decisions by requiring a more comprehensive evaluation of environmental costs in purchasing and construction projects. The bill is set to take effect on January 1, 2026, and aims to integrate environmental considerations into state-level economic decision-making.

Committee Categories

Government Affairs

Sponsors (3)

Last Action

Inexpedient to Legislate: Motion Adopted DV 213-159 03/20/2025 House Journal 9 P. 48 (on 03/20/2025)

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