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Reports by Noah Kaufman • November 20, 2025
This report represents the research and views of the authors. It does not necessarily represent the views of the Center on Global Energy Policy. The piece may be subject to further revision.
Contributions to SIPA for the benefit of CGEP are general use gifts, which gives the Center discretion in how it allocates these funds. More information is available here. Rare cases of sponsored projects are clearly indicated.
Corporate Partnerships
Occidental Petroleum Corporation
Tellurian Inc.
Foundations and Individual Donors
Anonymous
Anonymous
Aphorism Foundation
the bedari collective
Children’s Investment Fund Foundation
David Leuschen
Mike and Sofia Segal
Kimberly and Scott Sheffield
Bernard and Anne Spitzer Charitable Trust
Ray Rothrock
Rising electricity prices are an obstacle to climate action in many US states. Continuing to pursue ambitious decarbonization goals while ensuring affordable electricity to residents and businesses will require bold policy shifts, with solutions that differ across regions.
This report explores specific challenges to decarbonization and electricity affordability in Connecticut, as well as opportunities to decarbonize more affordably. Connecticut has among the highest electricity prices in the nation and a binding commitment to achieve 100 percent zero-carbon electricity by 2040.
The report identifies the following key headwinds:
Based on an analysis of the costs of clean electricity programs (which are small relative to total retail rates), the report identifies the following list of potential opportunities to advance decarbonization goals more affordably. Because Connecticut is deeply integrated into regional electricity and infrastructure networks, progress will require collaboration with neighboring states:
Ultimately, the value of these opportunities will depend on factors beyond the scope of this study, such as project financing structures and local community impacts. Given the severity of current headwinds, however, achieving affordable, decarbonized electricity may require openness to certain policy options that have previously faced significant economic or political barriers, both in Connecticut and across the country.
The decline of domestic fossil fuel production in the United States poses serious economic risks for communities that rely on fossil fuel industries for jobs and public revenues. Many of these communities lack the resources and capacity to manage those risks on their own. The absence of viable economic strategies for affected regions is a barrier to building the broad, durable coalitions needed for an equitable national transition to cleaner energy sources.
Models can predict catastrophic or modest damages from climate change, but not which of these futures is coming.
On November 6, 2025, in the lead-up to the annual UN Conference of the Parties (COP30), the Center on Global Energy Policy (CGEP) at Columbia University SIPA convened a roundtable on project-based carbon credit markets (PCCMs) in São Paulo, Brazil—a country that both hosted this year’s COP and is well-positioned to shape the next phase of global carbon markets by leveraging its experience in nature-based solutions.
Full report
Reports by Noah Kaufman • November 20, 2025