Environmental groups launch coalition to pressure Hochul on cap-and-invest

A coalition of nearly two dozen environmental and climate change groups are coming together to put pressure on Gov. Kathy Hochul to implement the cap-and-invest program considered necessary for New York to meet its climate goals.

The proposed cap-and-invest program would place a limit on the amount of greenhouse gas emissions that major companies could produce in New York. Companies could buy a limited number of allowances to release more emissions, with the money from sales of those allowances going towards resiliency projects. The number of allowances would gradually be reduced over the coming years.

Other groups involved so far include the Association for Energy Affordability, the League of Conservation Voters, Environmental Advocates NY and the Acadia Center.

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