Assembly Bill A8469

2023-2024 Legislative Session

Establishes an economy-wide cap and invest program to support greenhouse gas emissions reductions in the state by setting a maximum allowable amount of emissions and regulating the sale or auction of allowances

download bill text pdf

Sponsored By

Current Bill Status - In Assembly Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2023-A8469 (ACTIVE) - Details

See Senate Version of this Bill:
S9228
Current Committee:
Assembly Environmental Conservation
Law Section:
Environmental Conservation Law
Laws Affected:
Amd §§75-0101, 75-0109, 75-0111 & 75-0119, add §§75-0121 - 75-0129, En Con L; amd §1854, add §1885, Pub Auth L

2023-A8469 (ACTIVE) - Summary

Establishes an economy-wide cap and invest program to support greenhouse gas emissions reductions in the state by setting a maximum allowable amount of greenhouse gas emissions by covered entities and regulating the sale or auction of greenhouse gas emissions allowances to covered entities.

2023-A8469 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8469
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             December 29, 2023
                                ___________
 
 Introduced by M. of A. KELLES -- read once and referred to the Committee
   on Environmental Conservation
 
 AN  ACT  to  amend  the  environmental  conservation  law and the public
   authorities law, in relation to establishing an economy-wide  cap  and
   invest  program  to support greenhouse gas emissions reductions in the
   state

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1. Legislative findings and declaration. 1. Pursuant to arti-
 cle 75 of the environmental conservation law, as added  by  the  Climate
 Leadership and Community Protection Act, the department of environmental
 conservation  must promulgate regulations, by January 1, 2024, to ensure
 achievement of the statewide greenhouse gas emission limits, as  defined
 and  established  therein.  Among  other  requirements,  the regulations
 promulgated by such department pursuant to section 75-0109 of the  envi-
 ronmental  conservation  law must ensure that the aggregate emissions of
 greenhouse gases from greenhouse gas emission sources  will  not  exceed
 the  statewide  greenhouse  gas  emissions limits established in section
 75-0107 of the environmental conservation law; include legally enforcea-
 ble emissions  limits,  performance  standards,  or  measures  or  other
 requirements  to control emissions from greenhouse gas emission sources;
 prioritize emissions and co-pollutant reductions in disadvantaged commu-
 nities; do not result in a net increase  in  co-pollutant  emissions  or
 otherwise   disproportionately  burden  disadvantaged  communities;  and
 reflect, in substantial part, the findings of the scoping plan  prepared
 by  the  Climate Action Council pursuant to section 75-0103 of the envi-
 ronmental conservation law.
   2. The scoping plan prepared by the Climate Action Council pursuant to
 section 75-0103 of the environmental conservation  law  recommends  that
 the  department  of  environmental  conservation  and the New York state
 energy research and development authority adopt an economy-wide cap  and
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD11961-03-3
              

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