This special interest group is for professionals to connect and discuss all types of carbon-free power alternatives, including nuclear, renewable, tidal and more.

Richard Brooks's picture
Co-Founder and Lead Software Engineer Reliable Energy Analytics LLC

Inventor of patent pending (16/933161) technology: METHODS FOR VERIFICATION OF SOFTWARE OBJECT AUTHENTICITY AND INTEGRITY and the Software Assurance Guardian™ (SAG ™) Point Man™ (SAG-PM™)...

  • Member since 2018
  • 1,250 items added with 502,053 views
  • Jan 14, 2020

A carbon price of $10 per metric ton reduces employment in the regulated region by 2.7 percent, and raises employment in nearby states by 0.8 percent; the effects on output and profits are broadly similar. Adding a carbon price to electricity rates is bad for businesses and consumers in local communities. There are better options for States to incentivize clean renewable energy.

Richard Brooks's picture
Thank Richard for the Post!
Energy Central contributors share their experience and insights for the benefit of other Members (like you). Please show them your appreciation by leaving a comment, 'liking' this post, or following this Member.
More posts from this member
Spell checking: Press the CTRL or COMMAND key then click on the underlined misspelled word.
Matt Chester's picture
Matt Chester on Jan 14, 2020

Interesting-- especially considering $10/ton is relatively low in terms of what you see discussed. I wonder if these numbers line up with what's been observed in the EU carbon trading once the markets reached these prices.

Further a key point in the article not captured in the headline:

States can take multiple steps to mitigate these impacts —​ from subsidizing output to investing in energy efficiency and even carbon capture, according to experts.

It seems this is showing what the economic impact could be but isn't saying that means don't do it-- but rather smartly couple policies that could mitigate the negatives while capturing the positives. 

Get Published - Build a Following

The Energy Central Power Industry Network is based on one core idea - power industry professionals helping each other and advancing the industry by sharing and learning from each other.

If you have an experience or insight to share or have learned something from a conference or seminar, your peers and colleagues on Energy Central want to hear about it. It's also easy to share a link to an article you've liked or an industry resource that you think would be helpful.

                 Learn more about posting on Energy Central »