Aligning NYISO's Carbon Pricing with Existing Climate Policy
Abstract
States across the Northeast and Mid-Atlantic have implemented particularly ambitious
policies to deploy
clean energy and reduce carbon dioxide (CO2) emissions from the electric sector. These
policies create a
challenge for the region's electric grid operators, who must oversee the achievement
of clean energy
and climate targets while ensuring grid reliability and maintaining cost-effective
electric service. To
harmonize those objectives, three of the region’s grid operators have considered incorporating
the
cost of CO2 emissions into their competitive wholesale electricity markets. This project
examines the
effects of the carbon pricing policy proposed by NYISO (New York's grid operator)
and offers
recommendations on how such a policy could be designed to maximize low-cost emissions
reductions
and help to achieve the state's existing climate and clean energy objectives.
Type
Master's projectPermalink
https://hdl.handle.net/10161/18396Citation
Stutt, Jordan (2019). Aligning NYISO's Carbon Pricing with Existing Climate Policy. Master's project, Duke University. Retrieved from https://hdl.handle.net/10161/18396.Collections
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