Cap and Trade by Many Names

Gov. Kathy Hochul’s administration is still exploring how to implement the East Coast’s first economy-wide cap-and-trade program for greenhouse gas emissions, with an eye to moderating costs to consumers while satisfying major concerns from environmental justice advocates about localized pollution impacts of the proposal.

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NY Renews
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