The cap-and-invest program aims to require corporate polluters to pay for emissions while allowing investment in infrastructure, boosting good-paying jobs, and enhancing energy efficiency in New York. Without adequate regulation, communities face pollution-related challenges and economic burdens. Implementing this program can enable the state to provide direct financial assistance to families, reducing overall consumer costs. A recent report emphasizes the dual benefits of climate action and economic justice, suggesting financial relief is attainable through targeted payments while supporting cleaner air initiatives.
The cap-and-invest program is simple: require corporate polluters to pay for their emissions and allow the state to invest that money in good-paying jobs that build out an infrastructure of energy efficiency, climate adaptation, public health, and energy affordability for New Yorkers.
Currently, New York doesn't have a tool that reduces our statewide emissions and raises ongoing funding for climate action. Through cap and invest, we can both clean up our air and create consistent revenue that invests in our communities and puts money back into New Yorkers' pockets.
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