New York City’s Climate Policies Could Make Life Even More ‘Unaffordable’ For The Middle Class
US-NEW YORK-LIFESTYLE
NICK POPE
CONTRIBUTOR
December 27, 2023
New York City is moving forward with several climate policies which are likely to make everyday life even more costly for the middle class in one of the country’s most expensive cities.
The city is aiming to slash its greenhouse gas emissions by 80% come 2050, push a sweeping building electrification mandate known as Local Law 97 and impose an automobile traffic congestion fee, each of which will increase the costs of living or working in the nation’s largest city, especially for the middle class, energy and New York policy experts told the Daily Caller News Foundation. Queens, Brooklyn and Manhattan each already rank within the 15 most expensive places to live in the U.S., according to an analysis conducted by CNBC.
“The city is wealthy because, somewhere out there, people are producing energy, food, clothing and so on, and people are trading all of that in New York,” Dan Kish, a senior fellow for the Institute for Energy Research, told the DCNF. The city’s emissions target “will make things more expensive and drive people away to places like Florida,” he added. (RELATED: This Populous Blue State Has A Green Energy Mandate. Experts Say It Threatens Grid Reliability)
That flight of capital would shrink the tax base, thereby straining the city’s finances further, Kish told the DCNF. “People without the means, working people, do not have the opportunity to just pack up and leave,” Kish told the DCNF. “But it’s easy if you’re Mike Bloomberg.”
https://dailycaller.com/2023/12/27/new-york-city-climate-rules-expensive/
