New Jersey Energy Master Plan Uses SCC to Show Benefits from Reducing Emissions

  • Application

    Energy Master Plan

  • 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

  • SCC Value(s)

    $42 - $69/ton, based on the IWG SCC at the 3% discount rate.

  • Reference

    New Jersey Energy Master Plan2

  1. State of New Jersey, 2019 Energy Master Plan at 51 (2019), available at https://nj.gov/emp/docs/pdf/2020_NJBPU_EMP.pdf. ↩︎
  2. Available at https://nj.gov/emp/docs/pdf/2020_NJBPU_EMP.pdf. ↩︎

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Feedback? Please email iliana.paul@nyu.edu.