Policy Primer: Carbon Pricing – May 2023 Update
Heightened activity around carbon pricing mechanisms reflects the need for expedited measures to align with ambitious emissions reduction trajectories.
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Heightened activity around carbon pricing mechanisms reflects the need for expedited measures to align with ambitious emissions reduction trajectories.
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Energy storage plays a key role in managing the pace of the transformation of the electric system. The versatility of the resource has allowed for multiple grid roles, including supporting transmission reliability.
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Stringent climate policies have prompted discussions around comprehensive cap-and-invest programs to address emissions across multiple sectors. Several U.S. states have devised bold climate action plans that call for transformations across industry, energy, and transportation sectors.
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State regulators in the U.S. are tightening regulations governing competitive retail electricity markets, as they closely examine supply offers to determine if they are fairly priced, offer intended benefits of competition, and support clean energy goals.