The Cost of Climate Pollution

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

eNew Jersey Internal Guidance April 2019

• 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 Plan 2

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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