Interactions of Transportation Carbon Pricing with the Electricity Market in the TCI Region
The Transportation Climate Initiative (TCI) is a regional program focusing on coordinated investments in clean transportation technology and infrastructure. TCI participants include Connecticut, Delaware, the District of Columbia, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Vermont, and Virginia. One possible TCI initiative is a price on transportation carbon emissions. This brief discusses how TCI policies, including a cap-and-trade program introducing a carbon price, could impact the electricity sector. Topics discussed include: (1) Transportation electrification and impact on the electricity market both nationally and in the TCI region; (2) Electricity market changes and environmental implications including timing of vehicle charging and effect on renewable generation and emissions; and (3) Advantages of linking TCI and Regional Greenhouse Gas Initiative (RGGI) carbon markets and resulting electricity prices.
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Corporate Authors:
Resources for the Future
Washington, DC United States -
Authors:
- Burtraw, Dallas
- Domeshek, Maya
- Publication Date: 2020-3
Language
- English
Media Info
- Media Type: Digital/other
- Features: Figures; References; Tables;
- Pagination: 7p
Subject/Index Terms
- TRT Terms: Carbon dioxide; Electric vehicle charging; Electric vehicles; Electricity; Environmental impacts; Greenhouse gases; Investments; Markets; Policy analysis; Pollutants; Prices; Renewable energy sources
- Subject Areas: Economics; Energy; Environment; Highways; Vehicles and Equipment;
Filing Info
- Accession Number: 01745577
- Record Type: Publication
- Report/Paper Numbers: Issue Brief 20-04
- Files: TRIS
- Created Date: Jul 20 2020 5:41PM