New York is targeting an 80% reduction in carbon dioxide emissions by 2050, and has been considering placing a price on the emissions associated with electricity generation. Photo via Creative Commons.

Could a carbon tax be the most effective way to reduce New York State’s greenhouse gas emissions? There seems to be growing consensus that placing a price on emissions associated with electricity generation could both cut pollution and incentivize the development of renewable energy. The New York Independent Systems Operator (ISO) recently released a proposal, aimed at getting wholesale energy markets to reflect the state’s aggressive decarbonization goals.

New York League of Conservation Voters has a helpful explanation of how it works and what it might look like—even if you aren’t an energy wonk, it’s a pretty interesting read.

Source: NYLCV; UtilityDive