Thursday, February 8, 2018
The Regional Plan Association, a major non-profit planning group based in New York, has included a recommendation for carbon pricing in its latest regional plan. Publication of the “Fourth Plan” for the New York region – the first was in 1929 – is a big deal in the New York area and its recommendations are bound to be influential with policy makers in New York, New Jersey, and Connecticut. (RPA website with links to the plan here.)
The carbon pricing recommendation – “Reduce greenhouse gas emissions with a cap-and-trade market modeled after California’s program” – aligns with a growing body of opinion in the Northeast.
Specifically, the recommendation calls for:
· Expanding the existing RGGI (Northeast Regional Greenhouse Gas Initiative) cap-and-trade program to include transportation fuels,
· Using the proceeds to fund low-carbon infrastructure and activities such as transit, electric vehicles, hardening of at-risk facilities, energy rebates for low-income communities, and natural carbon sequestration, and
· Linking up with California, Ontario, Quebec, and future jurisdictions who have similar programs.
Carbon pricing is just one of 61 recommendations in the Fourth Plan, but it’s one that can provide great leverage toward the Plan’s goals of a more sustainable, fairer, healthier, and more prosperous region.
(BTW, first step already taken: New Jersey is back in RGGI! See RPA's story here.)