VIDEO: How Carbon Pricing Can Help Support the CLCPA
What does carbon pricing have to do with the new CLCPA, or Climate Leadership and Community Protection Act (also referred to as New York’s Green New Deal), recently approved by state policymakers?
In this 90-second video, our principal economist, Nicole Bouchez explains how injecting a “social cost of carbon” into wholesale electricity markets provides an efficient dispatch mechanism for selecting energy resources with the lowest emissions. This offers the state another tool for achieving its aggressive carbon reduction goals.
Visit the Carbon Pricing Integration in Wholesale Energy Markets web page for more information.