Power Markets Today
Summary
New York's legislature is passing among the most aggressive climate goals in the country after Gov Andrew Cuomo, D, announced a deal to get a bill through both chambers Tuesday. The legislation, the Climate Leadership & Community Protection Act (CLCPA), calls for eliminating or offsetting all manmade CO2 emissions by 2050.
The legislation has other goals including a 40% cut in climate pollution from 1990 levels by 2030. The target for the power sector is to get to zero emissions by 2040.
"I want New York to have the most aggressive climate change program in the United States of America. Period," Cuomo said. "You know our goal from day one was to reclaim New York's legacy as the progressive capital that showed the other states and the country the way forward.
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