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New York is on track to miss the majority of its looming climate targets, according to a report from Democrat New York Gov. Kathy Hochul’s office.
New York is on track to miss the majority of its looming climate targets, according to a report from Democratic New York Gov. Kathy Hochul’s office. [emphasis, links added]
Hochul issued an official review earlier this month admitting the state was not going to meet its goal of 70 percent renewable electricity by 2030 due to rising electricity costs and canceled “clean” energy projects.
The goal of 70% renewable electricity is expected to be one of several ambitious New York State climate targets laid out in the 2019 Climate Leadership and Community Protection Act (CLCPA) that the state is unlikely to meet.
“We hope that this is kind of a wake-up call for the state,” Patrick McClellan, state policy director for the New York League of Conservation Voters, told non-profit news organization The City about Hochul’s report.
As of 2023 — four years after the passage of the CLCPA and just seven years from the 2030 deadline — less than 30% of New York’s electricity came from renewable sources, according to New York State’s grid operator.
The slow transition is driven largely by high energy prices, which rose 29.4% between January 2021 and March 2024 compared with just 4.0% in the preceding four years under the Trump administration.
As prices for traditional sources of energy such as oil and gas skyrocket, regulators are less willing to provide ratepayer-funded subsidies for early offshore wind and onshore renewables developers.
The hesitancy from regulators to boost ratepayer-funded subsidies caused two offshore wind contracts with New York State’s energy authority to be terminated in January, according to Politico.
It also contributed to a failure by the state to finalize power purchase agreements with three developers that had received conditional awards in October 2023.
Renewable electricity delays are expected to affect a variety of other New York climate goals established in the CLCPA, including its goals of zero emissions electricity by 2040 and net zero emissions by 2050, according to The City.
The failure to reach the 70% renewable electricity by 2030 target is also expected to impact climate initiatives from New York City’s Climate Mobilization Act, most notably Local Law 97, which sought to place emissions caps on large buildings in the city.
Building emissions are closely tied to electricity consumption, which will now be a far greater emitter since the city’s electricity will likely come from less renewable sources.
A variety of countries, states, and municipalities have backtracked or missed climate targets recently.
Read rest at Daily Caller
The post ‘Wake-Up Call:’ New York State Likely to Miss Deadlines on Costly, Cumbersome Climate Act appeared first on Energy News Beat.
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