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Building a Carbon Trading System in New York City, with Danielle Spiegel-Feld

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New York City's Electric Heat Policy

I'm wondering also, when we think about heat in particular, that's provided to buildings in new york city. Can you talk about what implications this policy might have for the continued use of that steam heat system? That's a great question. The goal of the law is to try to provide a nudge or a price signal for people to transition towards electric heating. Now, i think we found that the caps are probably not stringent enough in many cases to really a incentivs electrification.

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