Full Title: Preparing for Decarbonization: Reforming US Power Markets for the Energy Transition
Author(s): Ben Hertz-Shargel
Publisher(s): Atlantic Council
Publication Date: May 25, 2021
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Organized power markets today face numerous challenges stemming from policy, regulatory, and commercial pressures. Since 2015, sixteen US states and territories, and more than two hundred cities and counties in the United States, have committed to achieving 100 percent clean energy, through either legislation or executive action, acting on the realization that decarbonization of the electricity sector is critical to achieving global emissions reductions goals. A recent study suggests that it is feasible for 90 percent of US electricity generation to be zero emission by 2035, with 70 percent of power being produced by wind, solar, and batteries during normal demand and generation conditions.
This report makes the following policy recommendations, which will help energy markets resolve these questions in a manner most adaptive to the exigencies of the energy transition.