3 issues may determine N.Y.’s clean energy future

NY Renews, a major statewide environmental justice coalition, issued a statement saying that tackling the climate crisis would require $10 billion in annual investments, a much higher sum than the $1 billion in revenues estimated by Hochul for her outlined carbon cap program.

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NY Renews
The Cap-and-Trade Fight Comes to New York

NY Renews’s package aims to raise a total of $10 billion per year. The cap-and-invest approach does not yet have a dollar amount attached to it, since the total revenue would depend on the price of allowances the state sells at auction, which in turn would need to be set through a complex regulatory process.

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NY Renews
CNY advocates push for statewide climate initiatives

Local environmentalists and social justice advocates are part of a statewide initiative to make sure New York’s climate law meets its deadlines. NY Renews’ Climate, Jobs and Justice Package offers lawmakers a roadmap for kickstarting a renewable economy in the state. Amber Ruther, an organizing coordinator at the Alliance for a Green Economy said the package has three main focuses.

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NY Renews