Americas > New York faces distinct advantages, drawbacks in aligning cap-and-invest programme with RGGI -expert

New York faces distinct advantages, drawbacks in aligning cap-and-invest programme with RGGI -expert

Published 22:51 on August 10, 2023  /  Last updated at 19:09 on August 11, 2023  / Matthew Lithgow /  Americas, US

New York’s continued participation in the power sector RGGI carbon market would aid the development of the state’s economy-wide cap-and-invest system by ensuring programme stability and fostering greater regional climate ambition, though separating from RGGI could yield a larger in-state emissions cap and avoid multiple carbon prices, an expert said Thursday.
New York’s continued participation in the power sector RGGI carbon market would aid the development of the state’s economy-wide cap-and-invest system by ensuring programme stability and fostering greater regional climate ambition, though separating from RGGI could yield a larger in-state emissions cap and avoid multiple carbon prices, an expert said Thursday.


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