The document is meant to get power-sector stakeholders down to brass tacks on how, in practical terms, New York can put a price on carbon if the U.S. government won’t.
Parties are digesting the proposal as they prepare for a May 14 meeting. The minute details will be heavily debated, but so far, many just seem glad the process is underway.
“NYISO’s draft proposal for a carbon adder would send an important and overdue price signal to the market necessary for New York to achieve its ambitious carbon reduction policies in place to meet long-term greenhouse gas reduction targets,” said Deborah Donovan, Massachusetts director for the Acadia Center, an advocacy organization focused on clean-energy issues in the Northeast.
Read the full article from E&E Energywire here (article may be behind paywall).