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Another RGGI Raid? New York State Senate Proposes Pulling $138 million from the RGGI Fund

Law Columbia

These diversions are inconsistent with New York State regulations aimed at ensuring the proceeds of the auctions would be spent on new programs to further reduce greenhouse gas emissions. If the Senate proposal is approved, the diversions will total $269 million—nearly 30% of the $925.8

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Testimony before the United States House of Representatives Committee on Energy and Commerce 2021 Texas Grid Failure

Environmental Progress

4] Some energy experts and reporters have contended that Texas regulators did not expect to rely on wind to provide much electricity during the cold snap, and rather had relied on natural gas and other thermal power plants. 14] The average age of a unit of wind or solar is 6.3 This hour saw a difference of 28.9

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Nuclear Plant Closures And Renewables Increase Electricity Prices & Unreliability, Testifies Michael Shellenberger to U.S. Senate

Environmental Progress

4] Meanwhile, many experts see in recent trends an inevitable transition away from coal and nuclear power plants, designed to function as baseload capacity, toward variable renewable energy sources with just-in-time natural gas back-up. We have told regulators over and over that more should be contracted for. 5] The U.S.

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New Sabin Center Report Finds NYISO Could Price Carbon in Wholesale Electricity Markets

Law Columbia

Prompted in part by these policies, New York’s electric transmission grid operator (the “New York Independent System Operator” or “NYISO”) recently commenced a review to assess possible means of incorporating the cost of carbon emissions into wholesale electricity market prices.