Governor Cuomo's Clean Energy Standard sets up clean energy credit subsidy system to support renewables and nuclear power New York energy regulators yesterday agreed a "comprehensive and ambitious" new Clean Energy Standard requiring 50 per cent of the state's electricity to come from renewable sources by 2030. The Standard...
New York energy regulators have launched a new Clean Energy Standard requiring 50% of the region’s electricity to be generated from renewable sources by 2030 . The Standard outlines a series of subsidies designed to support upstate nuclear plants and to enable the state to achieve its intended 50% reduction in greenhouse gases from 2050 levels by 2030 . This target will rise to an 80% cut by 2050 . From 2017 , energy suppliers will need to obtain a specified number of renewable energy credits 2050 , which will be used to finance the state’s nuclear facilities and renewable projects.