Battle Looms Among New York Democrats Over High Cost of Green Energy Plans

[rangerrebew]

OPINION
Battle Looms Among New York Democrats Over High Cost of Green Energy Plans
While the public overwhelmingly supports taking action against climate change, people’s willingness to pay for that action is very limited.
 
JAMES HANLEY

Saturday, May 13, 2023
05:31:00 am

The stage is set for a battle royale within the New York Democratic Party over climate policy. Governor Hochul has suddenly realized that the cost of the state’s planned emission reduction scheme will be “extraordinary,” and is challenging her own party to make the climate law less damaging to New Yorkers’ pocketbooks. Will the left wing of her party go along?

In this year’s budget negotiations Ms. Hochul and the legislature agreed to a cap-and-invest program as recommended by the state’s Climate Action Council. Cap-and-invest programs put an annual limit on the amount of greenhouse gas emissions New York businesses collectively emit, with the amount declining each year. Businesses will have to bid for an ever-decreasing number of permits and naturally will pass the costs on to consumers by raising prices.

But a wrinkle in the Climate Act will make those costs more than half as much as they would be under Hochul’s proposed change.

https://archive.is/Zj62x#selection-247.0-351.126

[DefiantMassRINO]

For Climate Change initiatives to remain viable, they require Government subsidization, because they are not cost-competitive in the free, open market.

The Government can subsidize the suppliers and the consumers.  The typical Dem approach will be to create "affordable energy" subsidy programs for some, while others see a decreased standard of living to pay for it.

[Smokin Joe]

For Climate Change initiatives to remain viable, they require Government subsidization, because they are not cost-competitive in the free, open market.

The Government can subsidize the suppliers and the consumers.  The typical Dem approach will be to create "affordable energy" subsidy programs for some, while others see a decreased standard of living to pay for it.

'Others' pay for it twice.
Once to pay for the subsidies, and again when they get their bill.

Considering New York's policies have negatively impacted energy consumers in the rest of New England, if any of the Secretaries of State or Attorney Generals of those states had a set, they'd be figuring out how to sue New York over the blocking of interstate commerce and damage to their own.