NYSERDA Proposes Regulations To Reduce Emissions From Electricity Sector

Dec 11 (Reuters) - NEW YORK STATE ENERGY RESEARCH AND DEVELOPMENT AUTHORITY(NYSERDA):

• SAYS NYSERDA AND NEW YORK STATE DEPARTMENT OF ENVIRONMENTAL CONSERVATION (DEC) RELEASES PROPOSED REGULATIONS TO STRENGTHEN THE REGIONAL GREENHOUSE GAS INITIATIVE (RGGI) ON WEDNESDAY

• SAYS THE REGULATION AIMS TO ACHIEVE AFFORDABLE AND EFFECTIVE REDUCTIONS IN POLLUTANTS CONTRIBUTING TO EXTREME HEAT, DAMAGING FLOODING, AND OTHER HARMFUL CLIMATE IMPACTS

• SAYS DEC’S PROPOSED RGGI UPDATES WOULD REDUCE REGIONAL EMISSIONS CAP TO ABOUT 69.8 MILLION TONS OF CARBON DIOXIDE IN 2027, THEN DECLINE 89% RELATIVE TO THE 2024 CAP THROUGH 2037

• SAYS THE UPDATES WOULD RESULT IN CARBON DIOXIDE EMISSIONS DECREASING BY APPROXIMATELY 10% ANNUALLY THROUGH 2033, FOLLOWED BY 3% ANNUALLY UNTIL 2037