50% of electricity in NY will come from renewables by 2030 and over 30% by 2021 say state regulators

  • New York regulators on Monday approved a Clean Energy Standard that mandates the state get half its power from renewable sources by 2030  and expect to reduce GHG emissions 40% by then.
  • The state has set a aggressive implementation schedule, requiring utilities and energy service companies to begin serving up 26.31% renewable power starting next year, and will grow to 30.54% by 2021.

Gov. Andrew Cuomo called the decision a “bold action” that positions New York as a national leader in the clean energy economy.  “This Clean Energy Standard shows you can generate the power necessary for supporting the modern economy while combatting climate change,” Cuomo said in a statement announcing the decision. “Make no mistake, this is a very real threat that continues to grow by the day and I urge all other states to join us in this fight for our very future.”

The new standard includes “concrete, cost-effective steps today to safeguard this state’s environment for decades to come,” Cuomo said. New York will enforce the standard by requiring utilities and other energy suppliers to obtain a targeted number of Renewable Energy Credits each year, which will be paid to renewable developers.