U.S. Climate Alliance Initiatives Draw on New York State's Leadership in Combatting Climate Change, Renewable Energy, Reforming the Energy Vision Initiative, and Nation's Largest Green Bank
New Commitments Include Reducing 'Super Pollutants,' Expanding Clean Energy Financing, Storing Carbon in Landscapes, and Softening the Negative Impact of Federal Solar Tariffs
U.S. Climate Alliance States Remain on Track to Meet Their Share of U.S. Paris Agreement Target for at Least 25% Emissions Reductions by 2025
Governor Andrew M. Cuomo today marked the one-year anniversary of President Trump's announcement to withdraw the U.S. from the Paris Agreement with a wave of new U.S. Climate Alliance initiatives to further progress on emissions reductions to meet the agreed-upon targets. The new initiatives unveiled today will reduce short-lived climate pollutants, expand clean energy financing, drive grid modernization and deployment of renewable energy, improve the energy efficiency of appliances, and increase resilience to climate change.
"New York's commitment to the Paris Agreement is stronger than ever, as we continue to strengthen the U.S. Climate Alliance global fight against climate change," Governor Cuomo said."Despite the federal government's environmental inaction, New York and the coalition of states will lead by example with unprecedented investments in renewable energy, cutting harmful emissions, all while creating a clean energy economy."
Reducing Super Pollutants: U.S. Climate Alliance states today announce their commitment to reduce short-lived climate pollutants (SLCP) and are issuing a challenge for others to follow their lead. The U.S. Climate Alliance plans to release an action plan at the Global Climate Action Summit in September 2018 to drive down these highly-polluting emissions by phasing down hydrofluorocarbons (HFCs), capturing and putting waste methane to work, and addressing super emitters.
Mobilizing Financing for Climate Projects: U.S. Climate Alliance states are collaborating on a Green Banking Initiative to expand sustainable infrastructure financing opportunities and help advance new Green Banks. As a part of this initiative, NY Green Bank is raising at least $1 billion from the private sector to deploy nationally as well as providing resources and capacity that can be leveraged by newly-established Green Banks.
Grid Modernization: U.S ClimateAlliance states are working together on a Grid Modernization Initiative to expand the adoption of innovative approaches to utility planning such as New York's Reforming the Energy Vision, or REV, that can meet electricity demand while avoiding build-out of traditional electric transmission and distribution infrastructure. These "non-wires alternatives" are driving deployment of distributed clean energy resources and reducing emissions while saving customers billions of dollars.
Renewable Energy: States are collaborating on a Solar Soft Costs Initiative to reduce the costs of solar projects. Building on best practices pioneered by U.S. Climate Alliance states, such as REV, the initiative is developing implementation resources for states and local governments to drive down the non-hardware "soft costs" of solar. These steps will lead to better economics for customers and greater solar deployment, while also helping to offset the impact of the solar tariffs established by the federal government in January 2018.
Building Resilient Communities and Infrastructure: The U.S. Climate Alliance, in partnership with The Nature Conservancy and the National Council on Science and the Environment, is working to build greater resiliency of its communities, including by fundamentally changing the way infrastructure is designed and procured. U.S. Climate Alliance states are analyzing their state's infrastructure risks now and in the future from vulnerability to floods, wildfire, and drought to inform mitigation and adaptation planning.
Increasing Carbon Storage in our Landscapes: U.S. Climate Alliance states are pursuing opportunities to increase carbon storage in forests, farms, and ecosystems, and are launching a new initiative to identify best practices for land conservation, management and restoration to develop a carbon storage policy framework for implementation. This work is supported through a strategic partnership with The Nature Conservancy, American Forests, World Resources Institute, American Farmland Trust, the Trust for Public Land, Coalition on Agricultural Greenhouse Gases and the Doris Duke Charitable Trust.
Deploying Clean Transportation: U.S. Climate Alliance states are collaborating on an initiative to accelerate deployment of zero-emissions vehicles, expand and improve mass transit and active transportation choices, and implement other measures for moving towards zero-emission vehicle miles travelled.
The U.S. Climate Alliance has made substantial progress toward the implementation of its commitment to uphold its share of the Paris Agreement. Sixteen states and Puerto Rico continue to be on track to collectively meet their share of the U.S. climate target to reduce emissions by 26-28% from 2005 levels by 2025. U.S. Climate Alliance states are reducing emissions more rapidly than the rest of the country while expanding per capita economic output twice as fast. Alliance states are also home to 1.6 million clean energy jobs, nearly half of the U.S. total.
New York's Climate Leadership
In the past year alone, New York State has taken some of the largest strides on clean energy and climate in state history. Governor Cuomo's 2018 Clean Energy Jobs and Climate Agenda is continuing progress toward reducing emissions from existing fossil fuel power plants and advancing clean energy technologies through unprecedented investments in offshore wind, solar, energy storage, and energy efficiency, while spurring market development and creating jobs across the state. The Governor's nation-leading track record of climate accomplishments includes:
Clean Energy Standard: Created the most comprehensive and ambitious clean energy mandate in the state's history in 2016, requiring that 50 percent of electricity in New York come from renewable energy sources like wind and solar by 2030. The Clean Energy Standard is driving unprecedented investment in renewable energy including $1.4 billion for 26 large-scale projects in March 2018.
Offshore Wind: Issued the nation's most comprehensive master plan for offshore wind in 2018, including an unprecedented commitment to develop up to 2.4 gigawatts of offshore wind power by 2030, enough to power 1.2 million New York households. The plan includes procuring 800 megawatts of offshore wind across two solicitations in 2018 and 2019.
NY Green Bank: Created the nation's largest Green Bank, which has driven $1.6 billion in public and private investment in clean energy projects across New York State since its launch in 2014. Based on this success, the Green Bank is now raising at least an additional $1 billion in private sector funds to "go national."
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