senate Bill S4372

2021-2022 Legislative Session

Relates to establishing a carbon dioxide emissions price for electric generation from carbon-based fuel and creating a carbon dioxide emissions fund

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Environmental Conservation Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (1)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Feb 03, 2021 referred to environmental conservation

Co-Sponsors

S4372 (ACTIVE) - Details

See Assembly Version of this Bill:
A1168
Current Committee:
Senate Environmental Conservation
Law Section:
Environmental Conservation Law
Laws Affected:
Amd §75-0113, En Con L; add Art 12-B §§289-g - 289-j, Tax L
Versions Introduced in 2019-2020 Legislative Session:
A11094

S4372 (ACTIVE) - Summary

Establishes a carbon dioxide emissions price for electric generation from carbon-based fuel and creates a carbon dioxide emissions fund.

S4372 (ACTIVE) - Sponsor Memo

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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