With the effects of climate change and global warming becoming increasingly apparent, Democratic lawmakers in the United States are developing coordination plans to overcome it. One example of this is the Green New Deal announced by the governor of New York, in response to pressure from activist groups.
New York alone releases a total of 52 million metric tons of carbon dioxide into the atmosphere, making it one of the most impactful cities in the entire country. The Green New Deal calls for shifting financial and investment priorities from fossil fuels to renewable energy to reduce New York’s carbon footprint.
What Is The Deal Set To Achieve?
The Green New Deal is set to achieve a much bigger agenda than just counter the environmental crisis threatening the entire world. By substituting fossil fuels with renewable energy, the government plans to resolve unemployment and major political concerns in addition to global warming.
The plan is to power New York with renewable energy from wind, solar power and without any use of fossil fuels or nuclear power over coming decades. It intends to mobilize funds and communities to develop localized sources of renewable energy to decentralize the energy sector.
As they begin to implement the plan, the government hopes to reduce the amount of pollution by Green House Gases produced in New York State. It further hopes that the incentives provided to small-scale renewable energy producers; it will create employment and efficient methods of producing energy.
What Does This Imply For Energy Producers?
The cuts in tax burdens and access to capital sources will make it easier to invest in alternative energy production methods. With these advantages, small energy producers have a unique business opportunity that’s never been seen in the United States. In light of this commitment, the governor of the state has approved $1.5 billion worth of financial awards to renewable energy producers.
It’ll help develop niches for solar energy by helping power/energy entrepreneurs with investments, infrastructure development and much more.
Steps Towards All Renewable Energy
To achieve the goal of 100% renewable energy production in New York, the following milestones have been set to mark the progress of the initiative:
- Increasing wind energy production by at least 4 times to a total of 9000 Megawatts by 2035.
- Increasing solar power production from 3000 Megawatts in 2023 to 6000 Megawatts in 2025.
- Creating energy storage facilities to store a total of 3000 Megawatts of energy.
- Creating $1.5 billion worth of projects to power 550,000 homes with renewable energy in New York.
Larsen Engineers is a municipal engineering firm that creates Green infrastructural solutions to create environmentally friendly Climate Smart Communities. The full range of services offered by the company includes developing sustainable design, environmental management and energy conservation solutions for the community. Get in touch with our offices in Rochester today for more information on our services or to work with us on your development projects.