{"id":7801,"date":"2014-08-07T13:25:16","date_gmt":"2014-08-07T18:25:16","guid":{"rendered":"http:\/\/blogs.edf.org\/energyexchange\/?p=7801"},"modified":"2014-08-07T14:02:42","modified_gmt":"2014-08-07T19:02:42","slug":"can-new-york-beat-california-in-the-clean-energy-race","status":"publish","type":"post","link":"https:\/\/blogs.edf.org\/energyexchange\/2014\/08\/07\/can-new-york-beat-california-in-the-clean-energy-race\/","title":{"rendered":"Can New York Beat California in the Clean Energy Race?"},"content":{"rendered":"
\"Source:<\/a>
Source: Martineric\/Flickr<\/figcaption><\/figure>\n

This post was adapted from an op-ed piece published in\u00a0Morning Consult<\/a>.<\/em><\/p>\n

New York doesn\u2019t have California\u2019s sunshine or Texas\u2019 wind. But it has a vision and willpower that is quickly turning the Empire State into a leader for clean energy solutions.<\/p>\n

In the year and a half since the devastating impact of Hurricane Sandy, New York Gov. Cuomo has appointed strong leadership and devoted large-scale investment to develop a resilient energy infrastructure that can withstand the extreme weather events brought on by climate change.<\/p>\n

And the state is now digging into a major evaluation of how energy is produced, distributed, and priced \u2013 while ramping up funding for renewable energy.<\/p>\n

Governor pledges $1 billion for solar energy<\/strong><\/p>\n

On April 24, during what could have been a routine proceeding for the state\u2019s utilities board, Gov. Cuomo made a highly unusual announcement: the Public Service Commission will re-evaluate the entire regulatory framework that governs how New York residents receive and pay for electricity.<\/p>\n

Over the next few years, Environmental Defense Fund will work closely with the Governor\u2019s office, the Public Service Commission, and utilities like Consolidated Edison to identify solutions that maintain reliable and affordable power while allowing more\u00a0customer control<\/a>\u00a0and greater grid efficiency.<\/p>\n

New York\u2019s\u00a0decision to rethink its electricity market<\/a>\u00a0might have been enough news for one day, but Gov. Cuomo accompanied it with a promise to invest $1 billion\u00a0in solar energy.<\/p>\n

This move was aimed at making New York\u2019s solar industry sustainable and free of subsidies, while creating a \u201cmore resilient and flexible power grid, lower[ing] the state\u2019s carbon footprint, and promot[ing] a cleaner and healthier environment for all New Yorkers.\u201d<\/p>\n

The investment will go to the\u00a0NY-Sun Initiative<\/a>, which provides long-term funding to existing businesses in the solar energy market and attracts new investments to New York from global solar companies. New York ranks 10th\u00a0in solar investments today, but this could change if the governor has his way.<\/p>\n

The president of the New York State Solar Energy Industries Association, Shaun Chapman, lauded the investment as the \u201cgreatest market opportunity for solar anywhere in the United States without exception.\u201d<\/p>\n

New Green Bank targets private investors<\/strong><\/p>\n

New York is also taking the lead in market-based approaches to clean energy development. Last year, the state launched the country\u2019s second\u00a0Green Bank<\/a>\u00a0\u2013 the first is in Connecticut \u2013 to spur private investment in clean energy.<\/p>\n

The bank, which started with $210 million and will eventually be capitalized at $1 billion, could unlock an estimated $78 billion in financing from the private sector.<\/p>\n

State prepares for extreme weather<\/strong><\/p>\n

Increasing resilience against climate change is also very much on New York\u2019s agenda.<\/p>\n

The state plans to introduce new laws that require utility companies to undertake impact studies to assess their vulnerability to climate change-related risks. The new laws will ask utilities to document how they intend to address the increasing likelihood of\u00a0extreme weather events<\/a>, such as severe storms and prolonged heat waves.<\/p>\n

New York hasn\u2019t quite caught up with\u00a0California when it comes to clean energy policy<\/a>, but it is building a well-deserved reputation for bold, innovative thinking. In the years ahead EDF will be working hard to help put these exciting ideas into practice.<\/p>\n

This commentary originally appeared on our EDF Voices blog<\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

This post was adapted from an op-ed piece published in\u00a0Morning Consult. New York doesn\u2019t have California\u2019s sunshine or Texas\u2019 wind. But it has a vision and willpower that is quickly turning the Empire State into a leader for clean energy solutions. In the year and a half since the devastating impact of Hurricane Sandy, New …<\/p>\n","protected":false},"author":38051,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[42996,53091,9,177],"tags":[],"coauthors":[],"class_list":["post-7801","post","type-post","status-publish","format-standard","hentry","category-smart-power","category-energy-financing","category-new-york","category-renewable-energy"],"acf":[],"yoast_head":"\nCan New York Beat California in the Clean Energy Race? - Energy Exchange<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blogs.edf.org\/energyexchange\/2014\/08\/07\/can-new-york-beat-california-in-the-clean-energy-race\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Can New York Beat California in the Clean Energy Race? - Energy Exchange\" \/>\n<meta property=\"og:description\" content=\"This post was adapted from an op-ed piece published in\u00a0Morning Consult. 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