Hochul, NYS Legislature deciding who will pay for climate change transition
ALBANY — Now that New York State has committed to ending more than a century of dependence on fossil fuels to avoid more damage from climate change, the thorniest question is: Who’s going to pay the bulk of the annual $2 billion bill?
Gov. Kathy Hochul and legislative leaders are tackling the issue of whether ratepayers, taxpayers, energy companies or a combination of all of them will pay for the multibillion-dollar transition from fossil fuels to reliance on renewable sources such as wind, solar, hydro, biomass and geothermal energy.