New York state’s insane renewable-energy plan is starting to implode; the sooner Gov. Kathy Hochul and other leaders admit the truth, the better.
On Thursday, the state Public Service Commission nixed a request for vastly greater subsidies — about $12 billion worth — for 90 alternate-power projects that are supposed to provide a quarter of the state’s electricity by 2020.
The state’s 2019 Climate Leadership and Community Protection Act requires cutting fossil-fuel emissions 40% by 2030 and 85% by 2050.Plus, New York wants everyone switching to electric cars, electric heat and electric cooking, so these green dreams require even more growth in electricity generation.The only vessels with that capability are foreign-flagged, and so prohibited under the federal Jones Act, a sacred cow for the American labor movement.
Vancouver-based Zinc8 Energy Solutions had won $68 million in state tax credits for a Kingston plant to manufacture long-duration energy storage systems. By the way, statewide conversion to electric heat would mean peak power demand will come in the coldest months, not the hottest: So the blackouts won’t leave people sweating uncomfortably but instead freezing in the dead of winter.
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