For Launch: Wednesday, August 30, 2023
Steering is Used to Assist Obtain Targets of Local weather Management and Group Safety Act Implementation
New Values Added for Sulfur Hexafluoride and HFCs to Inform New York’s Actions to Cut back Emissions
New York State Division of Environmental Conservation (DEC) Commissioner Basil Seggos in the present day introduced an replace to the Value of Carbon guidance, a key device for state actions to cut back climate-altering greenhouse fuel emissions and advance the continued implementation of the Local weather Management and Group Safety Act (Local weather Act). The steerage updates present a present and correct estimate of the price in {dollars} of every extra ton of greenhouse fuel emissions, in addition to helps estimate the advantage of actions taken to cut back emissions to assist State businesses make choices to cut back carbon dioxide and different greenhouse gases. The present steerage is being up to date to particularly add the social prices per ton of sulfur hexafluoride (SF6) and HFC-236fa, that are the very best values in comparison with different greenhouse gasses per ton as a result of their long-lasting and high-impact nature.
“Figuring out the prices and advantages of lowering dangerous greenhouse fuel emissions is crucial to New York’s sturdy efforts to deal with the urgency of the local weather disaster,” DEC Commissioner and Local weather Motion Council Co-Chair Seggos mentioned. “As a part of Governor Kathy Hochul’s dedication and management in realizing Local weather Act targets, DEC will proceed to replace the ‘Worth of Carbon’ metric for State businesses to make sure one of the best info is obtainable for the planning and implementation of methods to cut back climate-altering emissions and enhance the well being, high quality of life, and setting for New Yorkers.”
The Worth of Carbon steerage establishes a financial worth for the averted emissions of greenhouse gases; offers an up-to-date overview of approaches utilized by different governments to position a price on emissions; and identifies future areas of labor, together with the significance of upcoming updates proposed by the federal authorities. The steerage is totally different than a regulation and doesn’t suggest a carbon value, price, or compliance obligation. It’s a metric that’s broadly relevant to all State businesses and authorities to exhibit the worldwide societal worth of actions to cut back greenhouse fuel emissions, and the societal prices if motion isn’t taken to cut back climate-altering emissions.
SF6 is primarily used as an insulating fuel within the electrical energy system and is essentially the most potent greenhouse fuel. Along with including its societal price, DEC is currently conducting pre-proposal stakeholder outreach as a part of the event of a regulation of its use, as really useful by the Local weather Motion Council within the Scoping Plan. New York is the primary state to supply a social price per ton of SF6, and the 2023 worth of SF6 on the central two % low cost price is $4.7 million per ton. HFC-236fa can be a potent greenhouse fuel with a comparatively lengthy atmospheric lifetime. The 2023 worth of HFC-236fa on the central two % low cost price is $1.7 million per ton. DEC has prohibited using HFC-236fa as a refrigerant in new HVAC gear beginning January 1, 2024, beneath state regulation.
The complete set of values for 2020-2050, together with the newly supplied SF6 worth and values for different greenhouse fuel pollution, is supplied within the steerage Appendix. The Value of Carbon Guidance and supplemental documents can be found on DEC’s web site.
New York State’s Nation-Main Local weather Plan
New York State’s nation-leading local weather agenda requires an orderly and simply transition that creates family-sustaining jobs, continues to foster a inexperienced financial system throughout all sectors and ensures that at the very least 35%, with a objective of 40%, of the advantages of unpolluted vitality investments are directed to deprived communities. Guided by among the nation’s most aggressive local weather and clear vitality initiatives, New York is on a path to attaining a zero-emission electrical energy sector by 2040, together with 70% renewable vitality technology by 2030, and economywide carbon neutrality by mid-century. A cornerstone of this transition is New York’s unprecedented clear vitality investments, together with greater than $35 billion in 120 large-scale renewable and transmission tasks throughout the state, $6.8 billion to cut back constructing emissions, $3.3 billion to scale up photo voltaic, greater than $1 billion for clear transportation initiatives, and over $2 billion in NY Inexperienced Financial institution commitments. These and different investments are supporting greater than 165,000 jobs in New York’s clear vitality sector in 2021 and over 3,000% progress within the distributed photo voltaic sector since 2011. To cut back greenhouse fuel emissions and enhance air high quality, New York additionally adopted zero-emission automobile rules, together with requiring all new passenger vehicles and light-duty vans bought within the State be zero emission by 2035. Partnerships are persevering with to advance New York’s local weather motion with almost 400 registered and greater than 100 licensed Local weather Sensible Communities, almost 500 Clear Vitality Communities, and the State’s largest group air monitoring initiative in 10 deprived communities throughout the state to assist goal air air pollution and fight local weather change.
