Commodity Market Report
How much importance to federal carbon planning?: Northeast power markets long-term outlook H1 2019 No (Federal) Carbon case
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Report summary
Our "Federal Carbon" base case assumption on carbon policy is one of many possible futures that might unfold to accelerate decarbonization. Yet there is still uncertainty around current political rhetoric and if this can deter further decarbonization efforts. In this No (Federal) Carbon case, a future without any US federal carbon pricing effectively assumes a world in which federal climate change efforts are tabled and power sector carbon emissions are allowed to continue to grow unabated.
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
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