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FERC has legal authority to implement a carbon price, experts tell commissioners
I think Professor Rossi nailed it: Part of the question is whether the action is framed as enhancing competition or with the purpose of regulating the environment more broadly, said Jim Rossi, a professor and chair in law at the Vanderbilt University School of Law. "If the argument is 'This is to reduce barriers to competition and to facilitate a competitive market,' I think you are squarely in your wheelhouse. But if you're drawing on broader purposes of regulating carbon, to protect the environment, that's where I think [the statute] really does raise the question of whether you have that jurisdiction," according to Rossi.
IMO, a significant majority of the proponents arguments favoring carbon pricing seem to be aimed at reducing carbon emissions and not to enhance competition.
FERC has legal authority to implement a carbon price, experts tell commissioners
Panelists did not reach consensus on whether a price could be unilaterally implemented during FERC's first-ever carbon pricing technical conference.
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