11 Aug '17, 8pm

NY Begins Exploring Pricing Carbon in its Electricity Market

NY Begins Exploring Pricing Carbon in its Electricity Market

Imagine what would happen if the utilities buying the electricity to power our homes and businesses had to pay more for it depending on how much carbon pollution the power plants supplying the power pumped into the atmosphere? A report issued today for the state of New York takes a look at how such a "carbon adder" might work, providing insights for the rest of the country as well. Given the magnitude of the challenge represented by climate change, policymakers need to assemble as many effective tools in their climate toolbox as possible if we’re going to efficiently cut carbon at the pace scientists say is necessary. With that in mind, the New York Independent System Operator (NYISO) today released a report authored by the Brattle Group that provides guidance on how New York could potentially integrate a state-established carbon price into NYISO’s electricity markets. An ...

Full article: https://www.nrdc.org/experts/jackson-morris/ny-begins-exp...

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