Bill Text: NY S02474 | 2023-2024 | General Assembly | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Directs the New York state energy research and development authority to conduct a study of the technical and economic feasibility and ratepayer impact of a zero-emission electrical system and a reduction in greenhouse gas emissions.

Spectrum: Partisan Bill (Democrat 6-0)

Status: (Introduced) 2024-02-06 - REPORTED AND COMMITTED TO FINANCE [S02474 Detail]

Download: New_York-2023-S02474-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          2474

                               2023-2024 Regular Sessions

                    IN SENATE

                                    January 20, 2023
                                       ___________

        Introduced by Sens. PARKER, BRESLIN, COMRIE, HOYLMAN-SIGAL -- read twice
          and ordered printed, and when printed to be committed to the Committee
          on Energy and Telecommunications

        AN ACT to amend the energy law, in relation to directing the state ener-
          gy  planning  board  to  conduct a study of the technical and economic
          feasibility of a one hundred percent renewable  energy  system  and  a
          reduction in greenhouse gas emissions

          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1. The energy law is amended by adding a new section 6-110  to
     2  read as follows:
     3    §  6-110. Supplemental study on the technical and economic feasibility
     4  of a one hundred percent renewable energy  system  and  a  reduction  in
     5  greenhouse  gas emissions. 1. On or before September first, two thousand
     6  twenty-four, and every four years thereafter, the  board  shall  publish
     7  and update a comprehensive study to determine the technical and economic
     8  feasibility of meeting the following goals:
     9    (a)  one  hundred  percent  of  the  electricity consumed in the state
    10  generated by renewable energy resources by the year two  thousand  thir-
    11  ty-four, and, alternatively, the year two thousand fifty-four.
    12    (b)  reducing  greenhouse gas emissions from all anthropogenic sources
    13  one hundred percent below the levels of greenhouse gas emissions in  the
    14  year  nineteen  hundred ninety by the year two thousand fifty-four, with
    15  an incremental target of at least a fifty percent  reduction  in  green-
    16  house  gas emissions below the levels of greenhouse gas emissions in the
    17  year nineteen hundred ninety by the year two thousand thirty-four.
    18    2. Such study shall include, at a minimum, an assessment  of  each  of
    19  the following:
    20    (a)  the  timing,  costs, economic impacts, and feasibility associated
    21  with pathways to meet these goals. In terms of the evaluation of  costs,
    22  the study shall:

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD06331-01-3
        S. 2474                             2

     1    (i) evaluate, using the best available economic models, emission esti-
     2  mation  techniques  and  other  scientific  methods, the total potential
     3  costs and potential economic and non-economic benefits of meeting  these
     4  goals;
     5    (ii)  evaluate the economic impact of meeting the goals on the state's
     6  businesses, jobs, ratepayers and residents assuming:
     7    (A) the renewable and greenhouse gas emissions goals of  other  states
     8  and  regions  in the United States are at least fifty percent lower than
     9  New York state's goals;
    10    (B) the renewable and greenhouse gas emissions goals of  other  states
    11  and regions in the United States are as those in place as of the date of
    12  the study;
    13    (C) the existence of technology in place as of the date of the study.
    14    (b) the technical and cost impact on maintaining electric system reli-
    15  ability,  including but not limited to, the need for and type of back-up
    16  power supplies and of energy storage systems to maintain electric system
    17  reliability.
    18    (c) the short-term and long-term actions to feasibly  meet  the  goals
    19  across  all  economic sectors, including industry, transportation, agri-
    20  culture, building construction and energy production, including:
    21    (i) an analysis  of  the  anticipated  emission  reductions,  and  the
    22  economic implications thereof, as a result of each action.
    23    (ii) identification of the anticipated life-cycle implications, conse-
    24  quences,  benefits  and  costs  of  implementing  each action, including
    25  implications, consequences, benefits and costs to New York state,  local
    26  governments, businesses, ratepayers and residents from implementation of
    27  each action.
    28    (d) estimated timelines for considering and implementing such actions.
    29    (e)  exploration of various renewable technology and energy efficiency
    30  deployment scenarios.
    31    (f) a requirement for any new vehicles sold in the state to be powered
    32  by electricity generated by renewable energy resources or  otherwise  to
    33  be free of emissions.
    34    (g)  proposals  for  new structures constructed in the state to be net
    35  zero emission structures.
    36    (h) transition to renewable heating and cooling provided by heat pumps
    37  powered by renewable energy resources or other means  resulting  in  net
    38  zero emissions.
    39    (i)  the  economic  and  social  benefits  of greenhouse gas emissions
    40  reductions, taking into account the federal social cost of  carbon,  any
    41  other tools that the board deems useful and pertinent for this analysis,
    42  and  any  environmental, economic and public health co-benefits (such as
    43  the reduction of co-pollutants and the diversification of energy  sourc-
    44  es).
    45    3.  Such  study  shall  build  upon  relevant expertise already at the
    46  board's disposal.
    47    4. The board  may  contract  with  an  independent  and  competitively
    48  selected contractor to undertake such study.
    49    5.  The  board,  and  any contractors it may retain for such purposes,
    50  shall consult with entities that have resources and expertise to  assist
    51  in  such  study, including, but not limited to, academic partners, elec-
    52  tric corporations, electricity  generating  companies,  trade  organiza-
    53  tions, environmental justice groups, and other stakeholders.
    54    6.  The  board  shall  prepare a report on such study's findings.  The
    55  board shall transmit such report along with the study to  the  governor,
    56  the  speaker of the assembly, the temporary president of the senate, the
        S. 2474                             3

     1  chair of the assembly energy committee, and  the  chair  of  the  senate
     2  energy  and telecommunications committee no later than thirty days after
     3  the study's completion.
     4    7.  The  Long  Island  power  authority and the power authority of the
     5  state of New York are authorized, as deemed feasible  and  advisable  by
     6  their  respective  boards,  to  make a voluntary contribution toward the
     7  study.
     8    § 2. This act shall take effect immediately.