New York Unveils Climate Change Regulations With Landmark Benefits for Energy Efficiency and Renewable Energy Technologies
Washington, DC – The Business Council for Sustainable Energy (BCSE), America’s largest and most diverse coalition of clean energy industry interests, today lauded New York’s cutting-edge climate change regulations as unveiled by Governor Eliot Spitzer to meet the state’s obligations under the Regional Greenhouse Gas Initiative (RGGI) cap-and-trade program.
Under its state RGGI program, New York will auction 100 percent of emissions allowances to drive down emissions of greenhouse gases and use proceeds from the auction to promote investments in energy efficiency and renewable energy technologies.
“Through this rule, New York is demonstrating clear leadership in advancing innovative energy and environmental policy,” said Lisa Jacobson, Executive Director of the Business Council for Sustainable Energy. “The Council applauds New York for directing all of its RGGI auction proceeds to the deployment of clean energy technologies – such as renewable energy and supply-side and demand–side energy efficiency.”
The decision to make clean generation and energy efficiency the centerpiece of New York’s RGGI implementation strategy will result in large scale and dynamic benefits for consumers in the state through reduced compliance costs, enhanced energy reliability and security, job creation and economic growth.
“The Council is also pleased that New York has included an important set-aside for voluntary renewable energy sales in its RGGI rule that recognizes the valuable and growing contribution that renewable energy will make in reducing greenhouse gas emissions and encouraging broad participation by businesses and consumers in the state,” Jacobson remarked.