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Andrew Cuomo on Energy & Oil

Democratic Governor


Lower carbon emissions via market-based cap-and-trade system

Lower carbon emissions via market-based cap-and-trade system Governor Cuomo proposes to create a $1 billion NY Green Bank to leverage public dollars with a private-sector match to spur the clean economy. A NY Green Bank offers a cost-effective market mechanism to capitalize on this opportunity, unleashing green Lower carbon emissions via market-based cap-and-trade system Our state has a track record of being at the forefront of environmental and energy policy innovations. Notable among them is the Regional Greenhouse Gas Initiative, which lowers carbon emissions through the use of a market-based cap-and-trade system.
Source: NY Rising 2013 State of the State booklet , Jan 9, 2013

New York Greenbank: $1 billion to spur the clean economy

The economy of tomorrow is the clean tech economy. We all know it, it's a foot race--whatever state, whatever region gets there first wins the prize, and we want it to be New York. We want to create the New York Greenbank, which is a $1 billion bank to leverage public dollars with private sector matched money to spur the clean economy. We want to extend the New York's sun solar jobs program at $150 million annually for 10 years to increase solar panel installations for home and business. It's good for the environment and it's good for the economy. We want to create the Charge New York program. This is the future, my friends, and we want to invest in an electric car network to reduce reliance on fossil fuels, installing a statewide network of charging stations and have New York be one of the forerunners in this race all across the country.
Source: 2013 State of the State Speech to NY Legislature , Jan 9, 2013

Focus more attention on exploiting our solar potential

Now it is time to focus more attention on exploiting our solar potential. But we need to do this in ways that protect the ratepayer. Solar power is still more expensive per megawatt hour to develop than other renewables. Therefore, we will greatly expand the state's solar programs, but as we do so we will keep an eye firmly on costs. We will increase competitive procurement of large, commercial-sized solar projects. And we will expand rebate programs for residential and commercial small-to-medium systems. In its first year, the NY-Sun Initiative will be capable of doubling the customer-sited photovoltaic capacity that was installed in 2011. By 2013, we estimate that NY-Sun will quadruple the 2011 capacity. We will continue to establish New York's technology leadership in this important emerging market while balancing investments in other renewable resources and protecting the taxpayer. This approach will create jobs, expand solar power, and protect ratepayers--a win, win, win.
Source: 2012 New York State of the State Address , Jan 4, 2012

Power for Jobs: use low cost hydropower

New York State produces a substantial amount of low cost hydropower through NYPA for the benefit of the public. While some of this power is used to reduce residential energy bills, the balance is used for economic development.

I will introduce a permanent Power for Jobs program, which ensures predictability and stability of supply with long-term contracts and incorporates efficiency incentives to reward such improvements.

Source: 2011 State of the State speech to New York legislature , Jan 5, 2011

Comprehensive study before exploring Marcellus Shale

As Governor, Andrew Cuomo will continue to be an environmental champion, by: