I learned an important lesson, carbon tax and carbon pricing are two entirely different concepts
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- Dec 10, 2019 4:47 pm GMT
- 810 views
Thanks to all the discussion on Energy Central, which caused me to conduct further research, I now understand the difference between a carbon tax, as proposed by Senate Bill 2284 and carbon pricing of electricity as proposed by NYISO. These are significantly different concepts in that a "carbon tax" would apply to all fossil fuels in use across the nation (S.2284) versus the NYISO proposal which incorporates "carbon pricing" into wholesale electricity markets, with no application to other areas, like gasoline used for cars. I found this discussion insightful and worthwhile in helping me to understand the differences.