State treasurer’s office: cap‑and‑invest could fund weatherization and jobs, but not yet viable for Vermont alone

Officials from the state treasurer’s office told the House Energy and Digital Infrastructure Committee on Tuesday that cap‑and‑invest programs can generate predictable revenue for weatherization, electric vehicle infrastructure and other transition investments — but they recommended Vermont not implement a standalone program at this time.

Ashley Doyle, a director in the state treasurer’s office, and Gavin Boyles, deputy treasurer, presented findings from a treasurer’s office report and an underlying technical analysis commissioned by the Agency of Natural Resources. Doyle said cap‑and‑invest — a mechanism that caps emissions from covered fuel sectors and sells allowances to generate revenue — can be a source of funding for equity‑focused programs but also raises the retail…