UPDATE: Could LGCs deliver least cost external abatement for state policy design?

As states continue to work with industry towards achieving net zero GHG emissions targets, policymakers have sought to understand the cost and opportunity to reduce emissions across different sectors of the economy, helping to inform the design of specific policy measures to unlock identified emissions reductions.

While direct emissions abatement is a key part of policy design and planning, the cost and availability of external abatement – in the form of emissions offsets – is equally critical to ensure that industry can reduce emissions at least cost. How emissions offsets are deployed by state policymakers – and the future price