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

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.

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