New York approves Clean Energy Standard to meet 50% renewable mandate by 2030

2 August 2016 (Last Updated August 2nd, 2016 18:30)

New York State Public Service Commission has approved Clean Energy Standard (CES) in the US state to combat climate change, reduce harmful air pollution, and ensure a diverse and sustainable energy supply.

New York State Public Service Commission has approved Clean Energy Standard (CES) in the US state to combat climate change, reduce harmful air pollution, and ensure a diverse and sustainable energy supply.

With the implementation of CES in April next year, half of the state’s electricity will be derived from renewable energy sources, such as solar and wind by 2030.

New York's governor Andrew M. Cuomo said: “New York has taken bold action to become a national leader in the clean energy economy and is taking concrete, cost-effective steps today to safeguard this state’s environment for decades to come.

“This Clean Energy Standard shows you can generate the power necessary to support the modern economy while combating climate change. Make no mistake, this is a very real threat that continues to grow by the day and I urge all other states to join us in this fight for our very future.”

"CES' implementation will help support New York in its global effort to fight climate change and extreme weather conditions."

In 2017, utilities and energy suppliers will have to obtain and phase in new renewable power resources. At first, 26.31% of the New York’s total electricity load will be covered, which will increase to 30.54% in 2021.

CES' implementation will help strengthen the US state’s electric fuel diversity and support New York in its global effort to fight climate change and extreme weather conditions.

It can be enforced by making utilities and other energy suppliers procure a targeted number of Renewable Energy Credits every year, which will be paid to renewable developers to finance new renewable energy sources to be added to the electric grid.

New York's public service commission chair Audrey Zibelman said: “Through the Clean Energy Standard, New York will be attracting billions of dollars in private investment for new renewable power supplies, developing new jobs and new green choices for consumers."