New York has yet to implement the 'cap and invest' program, a key initiative designed to limit greenhouse gas emissions from corporations. This program would generate revenue to support decarbonizing the state's energy grid and improving air quality. However, state agencies have failed to produce necessary operational guidelines, prompting environmental groups to file a lawsuit against the state. Without this program, the potential benefits in public health and emissions reductions may not be realized, impacting the state’s climate efforts during worsening conditions.
New York's ambitious climate law has not led to the launch of 'cap and invest', a program to limit greenhouse gas emissions despite its potential benefits.
The environmental groups have initiated legal action against state agencies to compel the release of operational guidelines for the 'cap and invest' program.
State regulators suggest that 'cap and invest' could prevent thousands of deaths linked to poor air quality and reduce greenhouse gas emissions significantly.
Hillary Aidun emphasized the urgency in curbing greenhouse gas emissions to meet legal requirements, stating there's no time to waste.
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