Considerable power market design changes needed to decarbonize New England: study

S&P Global: Ernest Moniz, former US energy secretary, introduced the results of a study Nov. 16 that found getting to net-zero greenhouse gas emissions in New England will need an incremental 93 GW of generation capacity by 2050, which experts said will require significant market design changes.

Moniz presented the results of the study titled "Net-Zero New England: Ensuring Electric Reliability in a Low-Carbon Future" during a webcast New England Energy Summit. Moniz is also CEO and founder of research non-profit Energy Futures Initiative, which produced the report in partnership with clean energy analysis firm Energy and Environmental Economics (E3).

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