- National Wind Watch: Wind Energy Documents - https://www.wind-watch.org/documents -

New York’s Clean Energy Programs: The High Cost of Symbolic Environmentalism

Abstract: In 2016, the New York Public Service Commission enacted the Clean Energy Standard (CES), under which 50% of all electricity sold by the state’s utilities must come from renewable generating resources by 2030, and emissions of greenhouse gases (GHG) must be reduced by 40%. The CES also incorporates New York’s previous emissions reduction mandate, which requires that the state’s GHG emissions be reduced 80% below 1990 levels by 2050 (the “80 by 50” mandate).

Key Findings:

Jonathan A. Lesser, president of Continental Economics, has more than 30 years of experience working for regulated utilities, for government, and as an economic consultant. He has addressed numerous economic and regulatory issues affecting the energy industry in the U.S., Canada, and Latin America. His areas of expertise include cost-benefit analysis applied to both energy and environmental policy, rate regulation, market structure, and antitrust. Lesser has provided expert testimony on energy-related matters before utility commissions in numerous states; before the Federal Energy Regulatory Commission; before international regulators; and in state and federal courts. He has also testified before Congress and many state legislative committees on energy policy and regulatory issues. Lesser is the author of numerous academic and trade-press articles and is an editorial board member of Natural Gas & Electricity. He earned a B.S. in mathematics and economics from the University of New Mexico and an M.A. and a Ph.D. in economics from the University of Washington.

Download original document: “New York’s Clean Energy Programs: The High Cost of Symbolic Environmentalism [1]