|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Feb 03, 2021||referred to environmental conservation|
senate Bill S4372
Current Bill Status - In Senate Committee Environmental Conservation Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S4372 (ACTIVE) - Details
S4372 (ACTIVE) - Sponsor Memo
BILL NUMBER: S4372 SPONSOR: PARKER TITLE OF BILL: An act to amend the environmental conservation law and the tax law, in relation to establishing a carbon dioxide emissions price for electric generation from carbon-based fuel and creating a carbon dioxide emis- sions fund PURPOSE OR GENERAL IDEA OF BILL: To establish a carbon dioxide emissions price to be used in the feder- ally designated electric bulk system operator's proposed carbon pricing mechanism for the wholesale competitive markets and distribute the revenue to low-income individuals and communities and to support mass transit. SUMMARY OF PROVISIONS: Section 1 provides legislative findings.
S4372 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4372 2021-2022 Regular Sessions I N S E N A T E February 3, 2021 ___________ Introduced by Sen. PARKER -- read twice and ordered printed, and when printed to be committed to the Committee on Environmental Conservation AN ACT to amend the environmental conservation law and the tax law, in relation to establishing a carbon dioxide emissions price for electric generation from carbon-based fuel and creating a carbon dioxide emis- sions fund THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Legislative findings and declaration. The legislature here- by finds and declares that: 1. As part of the 2020 state budget, the legislature passed the accel- erated renewable energy growth and community benefit act to advance renewable energy siting and establish tools for achieving the nation- leading climate change goals of the climate leadership and community protection act (CLCPA). 2. a. The CLCPA passed by the legislature and signed by Governor Cuomo in 2019 codified into law the following requirements: i. 70% of electricity delivered in New York state must be derived from renewable resources by 2030; ii. 100% of the electricity consumed in New York state must be derived from zero-emissions resources by 2040; iii. 9,000 megawatts (MW) of offshore wind installed by 2035; iv. 6,000 MW of distributed solar energy resources installed by 2025; v. 3,000 MW of energy storage installed by 2030; and vi. Reducing building end-use energy consumption by 185 trillion Brit- ish thermal units by 2025. b. The CLCPA created a 22-member climate action council to establish an implementation plan for how the state will achieve these goals. 3. The CLCPA amended the environmental conservation law by adding a new section 75-0113 to establish a social cost of carbon for use by state agencies. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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