"You can afford it – A new report by Resources for the Future (RFF) investigates the opportunity for the expansion of carbon pricing in six US states. Currently 13 states have, or are planning to implement, carbon pricing via cap-and-trade programmes. The report found that in those states, the cost of achieving emissions reductions is small as measured by the price of allowances and the incremental cost of resources needed to achieve those goals. 'Carbon pricing contributes about 21% of the emissions reductions that are achieved, and about 9% of the emissions reductions would be achieved even without a policy due to transitions in the electricity sector,' the authors said. 'The low costs and low allowance prices of achieving the emissions caps suggest more ambition may be plausible without incurring substantial cost.'"
"CP Daily: Wednesday May 15, 2019"
Media Highlight from Carbon Pulse — May 15, 2019
Report — May 15, 2019
State Policy Options to Price Carbon from Electricity
Thirteen states have (or are on the verge of having) carbon pricing implemented as cap and trade. New modeling examines the expansion of carbon pricing in the electricity sector in six additional states. We find low costs and significant opportunity.