New York Governor Andrew M. Cuomo has announced new climate change regulations to further reduce emissions from the power sector.
The adoption of the new regulations to strengthen the Regional Greenhouse Gas Initiative (RGGI) will advance New York’s portion of the 30% regional cap reduction from 2021 to 2030, ensuring regional emissions are 65% below the starting cap level by 2030.
In addition, New York is going beyond many of its RGGI partner states by adding smaller peaking plants to the programme, recognising most of these smaller units are located close to Environmental Justice communities, communities of colour and low-income households “that disproportionately bear an undue, unjust and historic burden of air pollution”.
It will ensure investment of proceeds from allowance auctions provide equitable benefits to disadvantaged communities.
The emissions reductions support Governor Cuomo’s requirements to reduce greenhouse gas emissions by 85% by 2050.
He said: “The Regional Greenhouse Gas Initiative not only set the standard for climate leadership during the last decade but also set the stage for New York’s landmark Climate Leadership and Community Protection Act.
“Reducing the RGGI cap will lower greenhouse gas emissions even further, all while providing valuable resources to expand our clean energy economy. New York has been at the forefront of the fight against climate change and we will continue help push the nation forward towards a cleaner future.”