Below are G.E.T.’s top picks from NY-GEO’s weekly “Just-In” Newsletter. Just In! features three fresh news item summaries on the NY-GEO home page every Monday. NY-GEO members get the full newsletter, which includes an advanced look at the website articles, plus event listings and job openings and several bonus article summaries with links, usually on the Saturday before website publication.
DEC Announces Finalization of ‘Value of Carbon’ – Guidance to Help Measure Impacts of Greenhouse Gas Emissions – 12/30/20 Guidance Marks the Latest Milestone in the Climate Leadership and Community Protection Act Implementation. Updated Values for Carbon Dioxide, Methane, and Nitrous Oxide to Inform New York’s Actions to Reduce Emissions…Use of the lower central discount rate translates into a 2020 central value of carbon dioxide of $125 per ton; methane of $2,782 per ton; and nitrous oxide of $44,727 per ton. The full set of values for 2020-2050 is provided in the Appendix to the guidance. The Value of Carbon Guidance announced today and supplemental documents are available on DEC’s website.
NY-GEO one of 150 orgs urging end of fossil-fuel subsidies in NY – 1st paragraph of sign-on letter: “Dear Messrs. Cuomo, Heastie, Ortt, Barclay and Ms. Stewart-Cousins: We, the undersigned organizations, urge you to eliminate certain fossil fuel related tax expenditures in the SFY 2021-22 budget. As the climate emergency, COVID-19 pandemic, and subsequent financial crisis escalate, New York cannot afford to continue subsidizing the fossil fuel industry with hundreds of millions of dollars annually. Reviewing and eliminating fossil fuel subsidies is critical to both addressing our state’s budget shortfall and combating the climate crisis.” Full letter here.
The “Stranded Asset Dilemma” Clarified along with its Inequitable Implications for Ratepayers – Stranded assets can be a complex concept, but one with enormous consequences for the future of clean energy. The elimination of gas for space and hot water heating poses important challenges that that need to be addressed without delay. NY-GEO member Bob Wyman provides an understandable explanation of these challenges in his recently filed testimony for the Central Hudson Gas and Electric rate case. Thanks to Bob for his tireless support of our industry and thanks to NY-GEO Director of Operations JR Rath for this tip.