The era of public renewables has arrived

Read the full story at Semafor.

New York state lawmakers passed legislation last week mandating the state-run electric utility to eliminate its use of fossil fuels by 2030, requiring the largest public utility in the U.S. to build more renewable energy if private utilities don’t do enough to meet the state’s 70% renewable electricity target by the end of the decade.

The law, which takes advantage of a tax change in the U.S. Inflation Reduction Act, fulfills a long-sought objective of climate activists, and lays a blueprint for how public utilities can play a more proactive role in decarbonizing the power sector.

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.