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Presentation to New York State Policymakers on Carbon Pricing

Bethany Davis Noll, our litigation director, and Dr. Jeffrey Shrader, our economics fellow, participated in a Technical Conference on carbon pricing in New York wholesale markets, hosted by the New York State Department of Public Service and the New York Independent System Operator. Davis Noll participated in the roundtable discussion on how best to address any potential leakage, expressed our support for efforts to address the issue, and discussed the legal implications of any such efforts. Shrader participated in the roundtable discussion on revenue allocation, expressed our support for carbon pricing as the most economically efficient and technology neutral way of internalizing climate damages from greenhouse gases, and discussed that there are many ways to use the revenue based on policy priorities as long as the revenue allocation does not undo the incentives carbon pricing creates.