New Jersey Energy Master Plan Uses SCC to Show Benefits from Reducing Emissions
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Application
Energy Master Plan
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Date
April 2019 -
Details
The New Jersey Energy Master Plan estimates that the benefits from reducing greenhouse gas emissions per the Plan would amount to between $4 billion and $6 billion dollars, depending on which value of the SCC is used. 1
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SCC Value(s)
$42 - $69/ton, based on the IWG SCC at the 3% discount rate.
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Reference
New Jersey Energy Master Plan 2
- State of New Jersey, 2019 Energy Master Plan at 51 (2019), available at https://nj.gov/emp/docs/pdf/2020_NJBPU_EMP.pdf. ↩︎
- Available at https://nj.gov/emp/docs/pdf/2020_NJBPU_EMP.pdf. ↩︎
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