In The News

Carbon Pricing Proposal in New York Provides Path to Nation's Clean Energy Future

BY RICHARD J. DEWEY, OPINION CONTRIBUTOR — 02/04/20 09:30 AM EST

Across the country, policymakers at all levels of government are exploring initiatives to address climate change. New York State’s Climate Leadership and Community Protection Act remains one of the most ambitious, with its requirement that “the statewide electrical demand system will be zero emissions” by 2040.

So how do we get to a zero-emission system? The New York Independent System Operator (NYISO) is working on a market enhancement that could not only help lead New York to success, but could also serve as a model for the nation to reduce greenhouse gas emissions.

Our proposal is to incorporate the social cost of carbon dioxide emissions into New York’s wholesale electricity markets, commonly referred to as carbon pricing.

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