Commodity Market Report
North America gas markets sensitivity: No Carbon Policy, developed from the H1 2019 long-term outlook
This report is currently unavailable
Report summary
Wood Mackenzie's H1 2019 long-term outlook base case assumes a federal long-term carbon policy, a flat US carbon tax of $2 per short ton (st) beginning in 2028 that increases to $26/st by 2040, consistent with the global Wood Mackenzie view. However, this No Carbon Policy sensitivity assumes a future without any US federal carbon pricing. In this No Carbon case, coal plants do not retire as quickly and renewables increase at a slower pace compared to our base case. Power demand for gas will be lower overall without the carbon tax incentivizing coal-to-gas switching, but the relatively flat supply curve protects additional downside risk to Henry Hub.
Table of contents
- This No Carbon case represents the absence of any kind of federal carbon policy but maintains non-federal CO2 cap-and-trade programs and regional CO2 markets such as California, RGGI, and Canadian initiatives
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Insight
Webinar North America Power Markets recording: A longer, more expensive, and politically contentious energy transition
Wood Mackenzie hosted a webinar North America Power Markets: A longer, more expensive, and politically contentious energy transition.
$1,050
Insight
Metals and mining - scrap research
Wood Mackenzie's scrap research - a simple way to access our insights on the circular economy for metals.
$1,050
Commodity Market Report
North America gas short-term outlook: Low prices are the cure to low prices
Have we already seen a pricing floor?
$2,000