Climate 411

Cut carbon, raise cash: How New York’s cap-and-invest program could invest billions in communities

In leading climate states, you’ll find trailblazing projects that are benefiting people’s lives and cutting costly pollution right now.

In Washington, young people ride the ferry across Puget sound and buses around the state for free. In California, low-income residents get money-saving home energy efficiency upgrades at no cost. And in New York, businesses and apartments earn major rebates to install EV charging stations — with 4,000 stations installed so far.

These are just a few projects supported by funding from cap-and-invest programs. While limiting and driving down harmful climate pollution, these programs are in turn raising revenue that is re-invested in communities.

As New York develops the rules for its statewide cap-and-invest program — the third such program in the nation — a high-ambition program would give New Yorkers an exciting opportunity to shape and direct billions of potential investments each year for communities. From improving public transportation access to lowering energy bills, the possibilities are endless.

Here are just a few ways that other statewide programs, like California and Washington, are putting their revenues to work, and how New York’s participation in the Regional Greenhouse Gas Initiative (RGGI) is already funding projects around the state — investments that could be significantly expanded and scaled up with a strong statewide cap-and-invest program.

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Also posted in California, Carbon Markets, Cities and states, Economics, Energy, Greenhouse Gas Emissions, Health, Policy / Comments are closed

IRA across the USA: 5 communities winning clean energy manufacturing jobs

Two clean manufacturing workers training on site.

A year since the Inflation Reduction Act (IRA) was signed into law, this historic climate legislation has already led to $278 billion in private investment that will support more than 170,000 clean energy jobs across the country.

And the work is just getting started.

Manufacturing incentives in the law, which encourage companies to build the clean energy supply chain here in the U.S., are creating manufacturing jobs and new economic opportunities for communities. According to the BlueGreen Alliance, the IRA will spur an estimated 900,000 U.S. manufacturing jobs over the next decade. The law also pairs incentives with labor standards that protect and prepare workers by requiring fair wages and apprenticeships.

Get to know some of the towns and communities around the country that are winning these major manufacturing investments and getting ready to build the clean energy technologies that will power our future.

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Also posted in Cities and states, Economics, Energy, Green Jobs, Innovation, News, Policy / Comments are closed

New data shows Arizona EV jobs and investments Are soaring

This post was written by EDF’s Ellen Robo

One year ago this month, the Inflation Reduction Act put the pedal to the metal for investments in electric vehicle manufacturing – and it shows no sign of letting up.

In fact, U.S. EV investments are still growing at a breakneck pace.

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Also posted in Cars and Pollution, Cities and states, Economics, Green Jobs, News, Policy / Read 1 Response

Clearing the Air: California’s Leadership on Clean Trucks

FedEx Express truck

A FedEx eStar electric truck in Los Angeles. Photo: Mr.choppers

This blog is co-authored by NRDC’s Britt Carmon, Guillermo A. Ortiz, and David Pettit. It originally appeared here.

California has long grappled with the challenge of improving its air quality, which ranks as the worst in the country. Heavy-duty diesel trucks, which are significant contributors to air and climate pollution, make it difficult for the state to achieve nationwide air quality standards.  As such, it should be no surprise that the transportation sector remains the largest source of greenhouse gas emissions, not only in California, but nationwide as well. However, the scale of the problem is not insurmountable. California has also been at the forefront of regulating tailpipe and motor vehicle greenhouse gas emissions and has made steady progress towards cleaner air for decades.

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Also posted in California, Cars and Pollution, Cities and states, Economics, Energy, Green Jobs, Greenhouse Gas Emissions, Health, Innovation, News, Partners for Change, Policy / Comments are closed

What Washington state can learn from California’s decade of climate investments

Photo of a wind farm in eastern Washington state

This blog was authored by Delia Novak, Western States Climate Policy Intern, U.S. Region.

Since the launch of Washington’s cap-and-invest program in January, the state has raised over $850 million in revenue through two consecutive, sold-out auctions under the program. These cap-and-invest auctions provide critical funding for the clean energy and climate resilience projects that will lock in a swift transition to a healthier, safer climate future — with at least 35% of funding used to benefit communities that are overburdened by air pollution and who will be impacted first and worst by the climate crisis if we fail to act.

Last month, Governor Inslee signed Washington’s final budget for 2023-2025, which will make use of a whopping $2 billion in funding from the Climate Commitment Act (CCA), with highlights including $138 million for electric vehicle charging infrastructure, $123 million for solar and storage projects, $120 million for zero emission medium and heavy-duty vehicles, and $163 million for home electrification rebates. By making decarbonization more affordable and slashing climate-warming emissions, this funding is already an impressive indication of the opportunities and investment that the cap-and-invest proceeds will deliver to communities across Washington.

But Washington’s climate investments are just getting started. In the meantime, we can look to California’s decade of climate investments to understand the important benefits that Washington’s cap-and-invest program can provide for its communities.

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Also posted in California, Carbon Markets, Cities and states, Economics, Energy, Greenhouse Gas Emissions, Health, News, Policy / Comments are closed

How our clean energy laws can support a fair transition for workers and communities

photo of a coal plant

Our country is going to rapidly deploy and manufacture clean energy technologies to a scale never seen before, thanks in large part to historic laws passed by the Biden-Harris administration and Congress.

This shift is already unleashing new jobs and economic opportunities around the country, but many communities reliant on fossil fuel production – coal, oil and gas – are rightfully concerned about how it will affect their lives and their futures.

Last month, the Biden-Harris administration announced a sweeping set of new investments under the Bipartisan Infrastructure Law and Inflation Reduction Act aimed at revitalizing communities dependent on coal and fossil fuels. It’s a recognition that the clean energy transition cannot succeed unless it’s fair and equitable.

For over 150 years, coal and other fossil fuel workers have worked to power our economy. As natural gas and clean energy outcompeted coal in the last decade, hundreds of coal plants and mines across the country have shuttered, while the communities that depended on them have often been left behind – facing job loss, with funding for schools and roads running dry, and a legacy of local pollution to reckon with.

Recognizing the challenges facing fossil fuel communities in transition, the administration responded with a “whole-of-government” approach, bringing 12 different agencies together through the Interagency Working Group on Coal and Power Plant Communities and Economic Revitalization. In the past two years, the group has driven $14 billion in targeted investment to these communities.

The latest set of actions takes that support to new levels, not just by dollar amount, but in how it deploys a suite of different policies to help make communities whole – from job and benefits programs for individual workers to large-scale economic development that can sustain communities. While more support will be needed, this kind of comprehensive approach has been recommended by many groups, including joint research from EDF and Resources for the Future, as well as by the BlueGreen Alliance and Just Transition Fund.

Here’s a quick look at how some of these new investments take aim at critical challenges facing energy communities, and what needs to happen next:

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Also posted in Cars and Pollution, Cities and states, Economics, Energy, Greenhouse Gas Emissions, Health, Innovation, News, Policy / Comments are closed