“We were expecting action on TCI soon, but at this point, given that governors’ attention is elsewhere, I think we’re unlikely to have an announcement this spring,” said Jordan Stutt, carbon programs director for the Acadia Center, an environmental advocacy group in Boston.
Stutt remained optimistic that states will ultimately look to TCI with a “renewed sense of urgency,” as the program could serve as a source of much-needed revenue and jobs to a region with surging unemployment claims and depleted financial reserves.
“It’s a public health program and an economic stimulus program wrapped in one,” he said. “The billions of dollars generated could be invested in infrastructure programs and high quality jobs.”
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.
“Usually, the bigger the problem, the more attention you need to pay to get to solutions,” said Jeff Marks, Maine director at the Acadia Center, a regional group working on climate change issues. “And transportation is it.”
Acadia Center supports the Transportation and Climate Initiative, a collaboration of states from Maine to Virginia working to reduce carbon emissions on the road. But part of that effort envisions raising money through a surcharge on gasoline and diesel fuel, with some of it going to EV rebates and new charging stations. That’s a non-starter for opponents such as the Maine Heritage Policy Center, which said the tax would hurt low-income residents.
Read the full article from Portland Press Herald here.
“With the bill released today, President Spilka and Senate leadership are setting the Commonwealth on a meaningful pathway to a net-zero carbon economy by 2050”, said Deborah Donovan, Acadia Center’s Massachusetts Director. “The strong interim target of a 50% reduction by 2030 ensures that Massachusetts will make the next decade count. The ambitious provisions of this bill will boost our economy and protect the health of our most vulnerable residents and our planet.”
Read the full release from MA State Senate President Karen E. Spilka here.
One might think that with so much money going to carbon allowances, energy prices in RGGI states would have increased, but a research study by the Acadia Center shows the opposite is true: Electricity prices in RGGI states have fallen by 5.7 percent, as increased energy efficiency has resulted in decreased demand. In the rest of the US, electricity prices haven’t fallen at all; rather, they’ve increased by 8.6 percent in the last decade. CO2 emissions from RGGI electric power plants have also fallen by 47 percent since 2008, dramatically outpacing the rest of the country.
Read the full article from the River Hudson Valley Newsroom here.
“When we’re going backward at the federal level, for states to step up and take action on climate, take steps to modernize our transportation system, it’s just an unprecedented opportunity,” said Jordan Stutt, carbon programs director at the Acadia Center, a research and public interest group in New England that is pushing for cleaner energy. “If designed well, this can be the most significant sub-national climate policy ever.”
Read the full article from The New York Times here.
The transportation program is based on the Regional Greenhouse Gas Initiative, a 2009 agreement to cap and trade power plant carbon emissions in nine Northeast states including Maine. Since its inception, CO2 emissions from power plants fell 47 percent, according to an analysis by the Acadia Center, a clean energy research group.