Reaching New York’s 50 by 30 Goal: an Anbaric White Paper
The Governor’s 50 by 30 commitment is the critical initiative for New York State to achieve significant carbon reductions. Coupled with the recently announced Clean Energy Standard, New York State is now poised to realize long hoped-for environmental and energy goals.
This white paper offers a roadmap on how to achieve the 50 by 30 commitment and the Clean Energy Standard: it proposes an inter-regional market in renewable energy. This region-wide market, anchored in expanded transmission links between New York and its neighbors as well as within the State, will provide electricity users throughout northeastern North America with access to the affordable renewable energy that is all around us, but, for some missing transmission lines, cannot be fully used.
Only with a region-wide renewable energy market, linking producers and consumers of energy, can New York – and northeastern North America – secure the necessary amounts of carbon-free energy to achieve the State’s 50 by 30 goal with acceptable costs. This white paper explains where renewable energy can be cost-effectively produced and transported to where electricity is consumed. It deals with the limitations on the transmission grid that prevent the free flow of renewable energy between those areas. This white paper identifies how the State is linked to adjacent electricity markets producing and consuming renewable energy, and argues for expanding those links. The white paper concludes that the 50 by 30 goal and the clean energy standard are achievable at reasonable cost, provided that the State harnesses the power of markets by building a new, regional market in the development, trade, and use of renewable energy.