In The News
Carbon Free NY Applauds Introduction of Carbon Pricing Legislation in New York State Legislature
Carbon Free NY today reacted to Assemblywoman Amy Paulin introducing bill A11094 to allow for implementation of the New York Independent System Operator’s (NYISO) carbon pricing mechanism into New York’s wholesale energy markets:
In order to keep up New York’s nation-leading fight against climate change, the state’s decarbonization targets and renewable energy solicitations must be translated into policy at all levels of government. We are grateful to Assemblywoman Paulin for introducing legislation to allow for implementation of the New York Independent System Operator’s (NYISO) carbon pricing mechanism in its wholesale energy markets, upon approval by the Federal Energy Regulatory Committee (FERC), by directing the Department of Environmental Conservation (DEC) to establish a fund for disbursement of 60 percent of carbon pricing revenues to low-to-moderate (LMI) consumers and environmental justice communities and 40 percent to mass transit carbon reductions.
We fully support this bill and call upon the New York State Legislature to take immediate action to enact this legislation, a crucial step forward for New York to use the most powerful tool the state has to meet our clean energy goals faster and more cost-effectively, all while mitigating the negative impacts of greenhouse gas emissions on New Yorkers and leading the rest of the country towards a green economy.