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Building a Carbon Trading System in New York City, with Danielle Spiegel-Feld
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Carbon Trading for New York City's Building Sector
New York state is looking to reduce omissions in the power sector to zero by 20 forty and of course, buildings use lots of electricity. Even if the grid de carbonizes, there will be some buildings that are going to have a much harder time meeting their targets than others. Carbon trading provides a mecanism through which building owners with high compliance costs could essentially pay buildings with low compliance costs to roduce omissions for them. If the program is well designed, you get the same amount of omissions reduced, but at a lower cost, right?
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