Switchbox @switch.box · Jan 13 1 / 2
Using data from @nyserda.bsky.social, we looked at two different scenarios: one with high allowance prices, and one with low ones (first chart). Because polluters must buy these allowances from the state, that creates revenue the state can spend on decarb or return to consumers (second chart). 3/14
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Let's dig into the spending. First, buildings. It turns out that 88% of dwellings in NY could lower their energy bills if they switched to heat pumps today, though 58% of these would first need to weatherize before seeing savings. (Under higher carbon prices, both of these numbers improve.) 4/14