New York's Clean Energy Standard Is Merely Virtue Signaling

New York State’s Clean Energy Standard Is but symbolic environmentalism accomplishing almost nothing with respect to emissions or the welfare of New Yorkers.

A recent report evaluated New York State’s clean energy programs and found them costing the state’s consumers and businesses over $1 trillion with no measurable impact on world climate. Thus, the carbon dioxide reductions that would cost the state’s residents heavily would have no value. This is nothing new; New York finds numerous ways to tax its people with little benefit to show for it.

Planned for an Upstate New York hilltop near you?

New York’s Clean Energy Programs

In 2016, the New York Public Service Commission enacted the Clean Energy Standard (CES), requiring 50 percent of all electricity sold by the state’s utilities to come from renewable generating resources and greenhouse gas emissions (GHG) to be reduced by 40 percent below 1990 levels—both by 2030. The standard also incorporates New York’s previous emissions reduction mandate, requiring that the state’s greenhouse gas emissions be reduced 80 percent below 1990 levels by 2050 (the “80 by 50” mandate).

In 2016, the New York Public Service Commission established the Clean Energy Fund, which requires electric consumers to pay for programs that are designed to reduce energy use in residential, commercial, and industrial buildings by about 25 percent below current levels by 2030. That energy reduction would be about 600 trillion BTUs.

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