New York State is considering setting a procurement goal of 2,400 MWs worth of new offshore wind generation facilities by 2030. In our comments to the New York Public Service Commission, we encourage the Commission to continue the use of the Social Cost of Carbon to value the benefits of avoiding greenhouse-gas emissions in the state’s Offshore Wind Policy. We also explain that the proposal to pay for the benefits of offshore wind outside of the wholesale markets is a reasonable way to move closer to internalizing the external costs of carbon-dioxide emissions and other pollution.
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