Tag

Cap And Invest

All articles tagged with #cap and invest

energy-and-environment2 days ago•6 min saved

NYS Climate Law Could Raise Home Energy Bills by Thousands, Memo Warns

A NYSERDA memo estimates that fully implementing the Climate Leadership and Community Protection Act could raise average New Yorkers' energy costs—upstate gas/oil households may incur over $4,100 in gross costs and NYC about $2,300, plus roughly $2.23 per gallon for fuel—though affordability measures could reduce net costs to around $2,500 (upstate) or $1,500 (NYC). High-efficiency electrification could yield savings (about $1,500 upstate, $800 in NYC). Gov. Hochul is weighing changes to the law amid bipartisan pushback and federal hurdles, while advocates argue for expanding clean-energy initiatives instead of rolling back policies.

via City & State New York|

#budget #cap-and-invest #climate-policy

business2 years ago•2 min saved

Washington State Takes Top Spot for Highest Gas Prices in the Nation

Washington has become the most expensive state in the US to buy gas for the first time ever, with regular unleaded gas averaging $4.91 per gallon statewide. The state also ranks third-highest in the US for diesel, at $4.94 per gallon. The cause of the spike is a matter of debate, with some pointing to the state's new "cap and invest" emissions program, while others argue that supply and demand, as well as global factors, are the main drivers.

via KIRO Seattle|

#aaa #business #cap-and-invest

environment2 years ago•4 min saved

New York Takes Bold Steps Towards All-Electric Future with Gas Bans and 'Cap and Invest' Plan

The New York State budget has approved a "cap and invest" plan to reduce carbon emissions, which could increase gasoline prices by 62 cents per gallon and natural gas costs by 80%. Fuel producers will pay for their carbon emissions under the plan, and then pass that cost on to consumers. The plan aims to make polluters pay for emitting carbon and fund green energy programs. The state will release draft plans by 2024 for a limit on total carbon emissions allowed statewide and the potential number of carbon credits that companies could bid for instead of cutting their emissions.

via New York Post |

#cap-and-invest #carbon-emissions #energy-costs

climate-change2 years ago•5 min saved

New York Governor Abandons Methane Metric Change Amid Climate Law Criticism

New York Governor Kathy Hochul's climate officials have dropped a proposal to rewrite the state's climate law amid criticism from environmental advocates and lawmakers. The proposal aimed to change how New York accounts for its emissions, but it is no longer a priority in budget negotiations. The state is still seeking a deal on "cap and invest," which would set up an auction for emissions allowances and drive increased gas and energy prices that would include a rebate to consumers to cushion the cost at the pump. New York's climate law was the most ambitious statutory mandate in the nation requiring emissions reductions when it passed in 2019.

via POLITICO|

#cap-and-invest #climate-change #climate-law