skip to main content
skip to newscasts

Tuesday, November 12, 2024

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

Trump picks former Director of National Intelligence John Ratcliffe to lead the CIA; NY group establishes new veterans' direct care program; Following election results, questions emerge about labor impact; Investors and activists both work to shape companies' climate goals.

view newscast page
play newscast audioPlay

GOP leaders say they're ready for President-elect Trump to return to office. President Biden hosts the Israeli president, amid concerns about blocked Gaza aid, and the labor movement assesses the impact of Trump being back in the White House.

view newscast page
play newscast audioPlay

Texas women travel some of the longest distances for abortion care, Californians the shortest, rural living comes with mixed blessings for veterans, an ancient technique could curtail climate-change wildfires, and escape divisive politics on World Kindness Day.

Report: To Meet Clean Energy Goals, NY Must Increase Investments

play audio
Play

Wednesday, November 15, 2017   

NEW YORK – New York needs to dramatically increase public and private investments in clean energy to reach its renewable energy and carbon reduction goals, according to a new report from the Political Economy Research Institute (PERI) at the University of Massachusetts.

Gov. Andrew Cuomo wants New York to cut carbon emissions and get half the state's power from renewables by 2030.

According to Robert Pollin, co-director of PERI and the report’s lead author, right now the state isn't close to meeting those goals, but it can be done by investing about 1.8 percent of state GDP in clean energy and energy efficiency every year.

"That's about $30 billion,” he states. “So, that would get you to your goal by 2030 and it would generate about 150,000 jobs per year."

Pollin adds that only about $5 billion of the $30 billion would be public spending.

Pollin says one way to raise those funds would be to collect a polluter fee on each ton of greenhouse gas emissions, a fee that would rise to $75 per ton by 2030.

"I estimate that will generate about $7 billion per year,” he states. “Most of that can be channeled back into supporting businesses that invest in renewable energy and energy efficiency, and households."

The rest, Pollin says, could be rebated to low and middle-income consumers who might see a cost increase.

Pollin notes that reaching carbon reduction goals will require reducing the fossil fuel industry in the state by about 40 percent, and that means jobs will be lost. But the PERI report takes that into consideration.

"We put a lot of attention on providing opportunities for these people to move into other jobs,” Pollin points out. “And part of the money that would be generated by the polluter fee would go into supporting their transition."

The report concludes that transitioning to clean energy can be done with little to no cost to consumers.





get more stories like this via email

more stories
Nearly half of the U.S. Environmental Protection Agency budget goes into grants to state environmental programs, nonprofits, educational institutions and others. (Adobe Stock)

Environment

play sound

Florida environmental advocates are concerned about the future after President-elect Donald Trump named former New York Congressman Lee Zeldin to lead…


play sound

As President-elect Donald Trump announces immigration hard-liners as his deputy chief of staff and border czar this week, groups supporting …

Health and Wellness

play sound

It is now up to Wisconsin Supreme Court justices to decide the fate of an abortion law from the mid-1800s. A circuit court determined last year an 18…


Someone becomes homeless in the United States every 40 minutes. (Pixel-Shot/Adobe Stock)

Social Issues

play sound

The faith-based nonprofit Our Calling is working with unsheltered clients in north Texas to create a long-term exit plan to help them rebuild their li…

Environment

play sound

The hills and hollers of Virginia are no strangers to hardship, but few were prepared for the devastation Hurricane Helene would bring. Six weeks …

Colorado has been working to remove cost as a barrier for students, and many certificate and degree programs are zero-tuition. (Adobe Stock)

Social Issues

play sound

Gov. Jared Polis has designated seven Colorado colleges and universities as Career Connected Campuses for their work getting more students from all …

Social Issues

play sound

With Thanksgiving just over two weeks away, will Michiganders and shoppers across the country face sticker shock at the grocery store while planning …

Social Issues

play sound

As winter break approaches, Alabama's Summer Adventures in Learning program is encouraging parents to think ahead to summer, particularly as quality …

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright © 2021