Bill > A01224

This bill establishes a comprehensive carbon dioxide emissions pricing mechanism for electric generation from carbon-based fuels in New York State, building upon the Climate Leadership and Community Protection Act (CLCPA). The legislation creates a carbon dioxide emissions price determined by the Department of Environmental Conservation, which will be integrated into wholesale electricity markets through the state's electric bulk system operator. A new Carbon Dioxide Emissions Fund will be established to collect revenues generated by this pricing mechanism, with a specific distribution plan: 40% will be returned as tax credits to very low to moderate income residents to offset potential increased energy costs, 20% will support renewable energy and climate change adaptation in disadvantaged communities, and 40% will be allocated to support mass transit to reduce carbon emissions. The bill defines carbon-based fuels broadly, including coal, natural gas, petroleum products, and other greenhouse gas-emitting substances used for electricity generation. Importantly, the legislation aims to incorporate the social cost of carbon into energy sector decision-making, consistent with New York's ambitious climate goals of achieving 70% renewable electricity by 2030 and 100% zero-emissions electricity by 2040. The bill ensures that any federal regulations could supersede these requirements and provides flexibility for the Department of Environmental Conservation to develop necessary implementation rules.

Agriculture and Natural Resources

https://www.nysenate.gov/legislation/bills/2025/A1224