"The goal of the Climate act was to put New York on a path to lower its greenhouse gas emissions and invest in renewable energy sources and infrastructure. The law specified that the state must shrink emissions 40 percent of its greenhouse gas levels measured in 1990 by the end of the decade, then slash that further to an 85-percent reduction by 2050. Yet the rollout of new climate rules has been inexplicably slow."
"The regulations will feature a new cap-and-invest program, a market-based carbon pricing system mandating businesses to pay the state if they spewed more pollutants than their allotment. But the environmental agency's rules would also have a potentially profound effect on other state agencies, which are also bound by the law and will therefore need to lower carbon emissions by, for example, electrifying fleets of buses and vehicles, installing EV charging stations, and prioritizing transit, walking, and biking in future plans."
A State Supreme Court judge ruled that the Department of Environmental Conservation must issue regulations required by the Climate Leadership and Protection Act. The law mandates cutting greenhouse gas emissions 40 percent from 1990 levels by 2030 and 85 percent by 2050. The required regulations include a cap-and-invest market-based carbon pricing system that charges businesses exceeding emissions allotments. The rules will compel other state agencies to reduce emissions through measures such as electrifying vehicle fleets, installing EV charging infrastructure, and prioritizing transit, walking, and biking. The state missed an earlier deadline and the rollout has been slow.
Read at Streetsblog
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