Assembly opposes cap-and-trade pitch while Hochul pushes proposal

A proposal to place an economywide cap on greenhouse gas emissions in New York is becoming a potential sticking point in budget negotiations as the overtime clock continues. Gov. Kathy Hochul has indicated that legislative sign-off for a rebate from the proposed cap-and-trade scheme, dubbed “cap and invest” is a major priority. But Assembly leadership has maintained it has no interest in getting it done in the budget.

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NY Renews
Hochul removes looser methane emission rules from budget talks

“NY Renews is proud to stand with a movement that stopped — for now — changes to New York’s progressive 20-year methane accounting method as written in law. Our coalition will continue to defend against changes to our state’s Climate Act,” read a prepared statement from NY Renews, one of the state’s major climate coalitions.

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NY Renews
Cap-and-no-trade: Emissions cap policy faces budget fight in New York

NY Renews, the coalition of environmental, community and labor groups that backed the climate law passed in 2019, is fighting to influence a cap-and-trade program proposed by Gov. Kathy Hochul. If they’re successful, outside observers are hopeful that a more equitable framework could be exported to other states including California, which has had a cap-and-trade program since 2013.

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NY Renews
Climate, Jobs and Justice bill package right for Legislature to pass

I envision a world where the health and safety of our communities come before the profits of oil and gas CEOs. Our families and our children are not expendable. That’s why I’m calling on …. legislators to support and advocate for the Climate, Jobs, and Justice Bill Package to support the transformation of our energy economy to renewables and to invest in communities most harmed by the climate crisis.

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NY Renews