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AlleyWatch - Page 2 of 965 - The Pulse of New York Tech

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Climate bill would tax carbon in New York

SHARE: While the federal government and many states have been sluggish in taking definitive action against climate change, New York has offered a range of examples of what a state can do by itself. The Climate Leadership and Community Protection Act, a landmark 2019 law, mandated that the state reduce greenhouse gas emissions by 85% by 2050 compared to 1990 levels. The Climate Action Council of experts established by the legislation is expected to work out all the details in a plan due by the end of 2022. And offshore wind and solar energy projects got a boost in the recently passed state budget. None of these efforts, however, definitively answer a multibillion-dollar question: How is the state going to pay for all of that? With just two months to go until legislators adjourn for the summer, a political alliance of left-leaning environmentalists and community organizers called New York Renews is pushing the idea of a carbon tax to raise billions of dollars each year via legis

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