Solar and wind power are pushing down electricity prices in New England, but carbon fuels still dominate
The capacity market is separate from the larger energy market in which generators and others compete daily to provide power. To Deborah Donovan, senior policy advocate at the Acadia Center, a clean energy advocacy group, the prices in the most recent auction are a “leading indicator” of trends to come.
Read the full article from the Hartford Courant here.
Public Comments Show “Overwhelming Support” for Program to Cut Pollution and Modernize Transportation in Northeast and Mid-Atlantic States
Speaking on behalf of OTF, Jordan Stutt, carbon program director, Acadia Center said: “For elected officials who have been waiting on the close of the comment period to gauge public sentiment, the outcome could not be clearer: Northeast and Mid-Atlantic Americans want to fix our dirty and broken transportation system. No amount of oil industry-funded propaganda will change the fact that there is overwhelming public support for the important goals of the Transportation & Climate Initiative. It’s a big hit.”
Read the full press release from Our Transportation Future here.
Power plant emissions down 47% under the Regional Greenhouse Gas Initiative
According to a 10-year report by the northeast regional advocacy group Acadia Center, proceeds since the time of the first two auctions (a year before RGGI officially got under way) had totaled nearly $3.3 billion by the end of June 2019.
The Acadia report also says emissions from the plants covered by RGGI are down 47% – outpacing the rest of the nation by 90%. The gross domestic product of the RGGI states, all in the Northeast and mid-Atlantic regions, also grew by 47% – again outpacing the rest of the country, which grew by 31%.
“I’m not shocked by the direction of the impact here,” says Jordan Stutt, carbon programs director at Acadia. “But I am surprised by just how strong the direction is. The fact that we’re outpacing the rest of the country in electric sector emission reductions by 90% is staggering. … It’s an important demonstration that taking on climate change doesn’t mean economic sacrifice.”
Read the full article from the Connecticut Mirror here.