NY Governor Proposes Climate Law Revision
New York City News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
New York Governor Kathy Hochul is advocating for revisions to the states climate law due to potential financial burdens on households. The law aims for 70% renewable electricity by 2030 and a 40% reduction in greenhouse gas emissions, but progress has been slow due to pandemic supply issues, inflation, and federal hurdles. A recent memo from the New York State Energy Research and Development Authority warns of increased costs for natural gas users, but also suggests potential savings through affordability rebates and efficient boilers. Environmental groups argue that high gas prices, not the law, are the real issue, and debates continue over tools like a cap-and-invest program to fund rebates and reduce emissions.
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