New York Establishes New Clean Energy Standard
New York Governor Andrew Cuomo has established the state’s first-ever mandate to require 50 percent of New York’s electricity to come from renewable energy sources by 2030. The New York State Public Service Commission approved this Clean Energy Standard, which will more than double renewable resources while slashing carbon emissions. By enforcing this standard, New York aims to fight climate change, reduce air pollution, and create a reliable energy supply from sources like wind and solar power. The Clean Energy Standard will add less than $2 a month to the average resident’s bill and will be put into effect by requiring utilities and other renewable energy suppliers to obtain a targeted number of Renewable Energy Credits each year, which will be paid to renewable developers to finance other clean sources to then add to the grid. Read more at the press release.