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VIDEO: How Carbon Pricing Can Help Support the CLCPA

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VIDEO: How Carbon Pricing Can Help Support the CLCPA

August 14, 2019

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.

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We are an independent, not-for-profit corporation responsible for operating the state’s bulk electricity grid, administering New York’s competitive wholesale electricity markets, conducting comprehensive long-term planning for the state’s electric power system, and advancing the technological infrastructure of the electric system serving the Empire State.

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