Environment & Energy Report

Carbon Pricing Could Help N.Y. Reach Climate Goals, Report Says

Oct. 3, 2019, 1:00 PM

Charging power generators a carbon price could help New York meet its goal of 100% emissions-free electricity by 2040, according to a study released Oct. 3.

Introducing a carbon-pricing mechanism into the state’s wholesale electricity market would send a price signal to investors, entrepreneurs, and project developers, spurring more clean energy projects and innovation, according to an Analysis Group report compiled for New York’s grid operator.

The economic consulting firm’s report analyzed the effect of carbon pricing on the state’s electricity market and how it would help meet decarbonization requirements set...

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