Assembly Bill A4306

2023-2024 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

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Current Bill Status - In Assembly Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2023-A4306 (ACTIVE) - Details

See Senate Version of this Bill:
S732
Current Committee:
Assembly 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 Other Legislative Sessions:
2019-2020: A11094
2021-2022: A1168, S4372

2023-A4306 (ACTIVE) - Summary

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

2023-A4306 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   4306
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 14, 2023
                                ___________
 
 Introduced  by  M.  of A. PAULIN, BURDICK, SIMON, COLTON, STECK, THIELE,
   FAHY -- read once and  referred  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.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD02860-01-3
 A. 4306                             2

              

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