Amicus Brief on New Jersey’s Zero-Emissions Credits Program
In 2018, New Jersey established a Zero-Emissions Credits (ZECs) program, which provides subsidies to the state’s nuclear power plants for reducing carbon emissions in the energy sector. Our amicus brief explains how the Social Cost of Carbon is the best available estimate for valuing harms caused by carbon dioxide emissions. We also argue that the ZECs program should account for the benefits of avoided emissions both inside and outside of New Jersey.
Previously, we’ve filed comments and briefs discussing the use of SCC estimates by New York’s ZECs program.