Page 8 - Value Of Distributed Energy Resources News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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On December 30, 2020, the New York State Department of Environmental Conservation (“DEC”) released guidance for New York State agencies to estimate the value of reducing one ton of greenhouse gas emissions, such as carbon dioxide, methane and nitrous oxide. DEC issued this guidance pursuant to the Climate Leadership and Community Protection Act of 2019 (“CLCPA”), which directed DEC, in consultation with the New York State Energy Research & Development Authority ( NYSERDA ), to establish a social cost of carbon in terms of $/metric ton CO
2 equivalent. This guidance, which serves as “a monetary estimate of the value of not emitting a ton of greenhouse gas emissions,”[1] is expected to influence a range of energy and related rulemakings and state policy for years to come. ....

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