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Bill > S06486
NY S06486
NY S06486Establishes a moratorium on cryptocurrency mining operations that use proof-of-work authentication methods to validate blockchain transactions; provides that such operations shall be subject to a full generic environmental impact statement review.
summary
Introduced
05/03/2021
05/03/2021
In Committee
01/05/2022
01/05/2022
Crossed Over
06/08/2021
06/08/2021
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
2021-2022 General Assembly
Bill Summary
Establishes a moratorium on the operation of cryptocurrency mining centers; provides that operation of a cryptocurrency mining center shall only be authorized following completion of a full generic environmental impact statement review and a finding that such center will not adversely affect the state greenhouse gas emission targets in the climate leadership and community protection act of 2019; provides for the repeal of such provisions upon expiration thereof.
AI Summary
This bill establishes a two-year moratorium on the issuance or renewal of air permits for electric generating facilities that provide behind-the-meter electricity to cryptocurrency mining operations using proof-of-work authentication methods to validate blockchain transactions. The bill also requires the Department of Environmental Conservation, in consultation with the Department of Public Service, to prepare a generic environmental impact statement (GEIS) on the impacts of these cryptocurrency mining operations, including their energy consumption, greenhouse gas emissions, water usage, and public health effects. The GEIS will inform future policy decisions regarding these operations and their compliance with the state's climate goals.
Committee Categories
Agriculture and Natural Resources, Transportation and Infrastructure
Sponsors (15)
Kevin Parker (D)*,
Joe Addabbo (D),
Alessandra Biaggi (D),
Jabari Brisport (D),
Cordell Cleare (D),
Andrew Gounardes (D),
Brad Hoylman (D),
Robert Jackson (D),
Liz Krueger (D),
John Liu (D),
Rachel May (D),
Jessica Ramos (D),
Gustavo Rivera (D),
Sean Ryan (D),
Julia Salazar (D),
Last Action
SUBSTITUTED BY A7389C (on 06/02/2022)
Official Document
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