This week, host Daniel Raimi talks with Resources for the Future (RFF) Senior Fellow Karen Palmer and RFF Fellow Daniel Shawhan. Along with RFF Senior Research Assistant Paul Picciano, Palmer and Shawhan recently released a report called “Benefits and Costs of Power Plant Carbon Emissions Pricing in New York.” Raimi, Palmer, and Shawhan talk about this new work, which examines how a carbon price applied specifically to New York State would affect emissions inside and outside of the state, electricity prices for consumers, what role carbon pricing could play in achieving New York’s ambitious climate targets over the next few decades, and more.

References and recommendations:

"Benefits and Costs of Power Plant Carbon Emissions Pricing in New York" by Daniel Shawhan, Paul Picciano, and Karen Palmer https://www.rff.org/publications/reports/benefits-and-costs-of-the-new-york-independent-system-operators-carbon-pricing-initiative/

"The Biggest Little Farm"; https://www.biggestlittlefarmmovie.com/

"Free Solo"; https://www.nationalgeographic.com/films/free-solo/

"Electricity Market Design" by Peter Crampton; https://academic.oup.com/oxrep/article/33/4/589/4587939