March 24, 2021

Analysis Suggests Carbon Cap, Wind Could Help NC Meet Clean Energy Goals

Nicholas Institute for Environmental Policy Solutions

An analysis of North Carolina's Clean Energy Plan conducted by researchers at two of the state's top universities suggests a combination of "push" and "pull" policies may be the best way for the state to meet its carbon-reduction goals, reports S&P Global Market Intelligence.

"Push policies are less efficient at bringing in clean generation; pull policies are less efficient at reducing emitting generation. Combining them can bring advantages to the system," policy experts at Duke University's Nicholas Institute for Environmental Policy Solutions and UNC's Center for Climate, Energy, Environment, and Economics wrote in the analysis. The North Carolina Clean Energy Plan targets a 70% reduction in carbon emissions by 2030 from 2005 levels and carbon neutrality by 2050.

"The modeling for the project looked for the most cost-effective ways of meeting specific policy goals, while accounting for the technical requirements of supplying reliable electricity to the grid," Kate Konschnik, director of the Climate and Energy Program at the Nicholas Institute, told S&P Global Market Intelligence. "We think the results indicate that North Carolina has options—many of the pathways appear economically and technologically feasible."