Index Investing News
Thursday, May 7, 2026
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

New York wants to tug the plug on its suicidal inexperienced power targets earlier than the blackouts hit

by Index Investing News
July 20, 2024
in Opinion
Reading Time: 3 mins read
A A
0
Home Opinion
Share on FacebookShare on Twitter



“If we miss it by a few years, which might be what is going to occur, the targets are nonetheless worthy,” says Gov. Hochul in response to official discover that New York gained’t meet its 2030 green-energy targets.

She’s whistling within the wind: The state is a long time from assembly the targets. It’s merely burning billions, slamming shoppers and disastrously undermining its reliable-energy capability in pursuit of a fantasy. 

The New York State Power Analysis and Improvement Authority, the entity charged with upping “clear power” manufacturing, was the primary to confess that 2030 gained’t occur, albeit burying it in a dense “progress” report.

State Comptroller Thomas DiNapoli did a greater job of sharing the reality in an audit nonetheless couched with cheery language.

Extra From Submit Editorial Board

At the very least DiNapoli was upfront with some damning info:

  • As of 2022, about 29% of electrical energy generated in New York got here from renewable sources.
  • Three-quarters of that got here from hydropower — which, he didn’t spell out, can’t probably develop a lot: We constructed each conceivable dam way back.
  • Which implies that, to fulfill the 70% objective, photo voltaic and wind would wish to develop from lower than 10% of capability to greater than 40% even when demand remained the identical.

Besides that different inexperienced mandates for electrical warmth, cooling, cooking and vehicles vastly improve the quantity of energy wanted.

To not point out the inconvenient fact that AI computer systems — now seen as central to the long run economic system — demand large quantities of energy: Previous forecasts of future electrical energy wants are hopelessly outdated.

The one manner for New York to get the ability it’ll want is to construct extra fossil-fuel crops — numerous them.

So the the state Local weather Plan’s objective to reduce carbon emissions (40% by 2030 and 85% by 2050) are an entire joke — or a mandate for financial suicide.

In the meantime, New Yorkers’ utility payments are already hovering.

And possibly you discover the Con Edison warning over the past warmth wave that clients wanted to restrict power use to keep away from blackouts?

This mess is the results of then-Gov. Andrew Cuomo’s rush to win inexperienced cred in 2019 as he eyed a future presidential run; Hochul has since solely doubled down to shine her personal picture.

This, after Cuomo pandered on one other entrance in forcing the shutdown of Indian Level, a zero-emissions nuclear energy plant — then rotated to subsidize Upstate nuke crops to keep away from a significant improve in carbon emissions.

One other wrinkle: New York’s plans rely on an enormous enlargement of offshore wind energy, but the prices to construct these crops are hovering as different states rush to the identical finish.

That’s why corporations hold opting out of contracts to construct them, demanding far larger subsidies when the work is re-bid.

Get opinions and commentary from our columnists

Subscribe to our every day Submit Opinion e-newsletter!

Thanks for signing up!

And state officers’ failure to stage with the general public on all this, per DiNapoli, makes it “unimaginable” to evaluate the monetary burden on New Yorkers “who’re presently struggling to pay their utility payments and who’ve confronted rising prices over the previous 20 years.”

By the way in which, and Nantucket is now grappling with seaside particles and navigation hazards after a 500-foot wind blade broke off from a plant being spun up close by and shattered within the ocean.

The investments wanted to achieve the Local weather Act’s outdated targets run north of $300 billion; the sensible boundaries are much more daunting.

In the meantime, China retains constructing coal crops to energy its AI and to fabricate photo voltaic panels and electrical autos and EV batteries — dwarfing no matter emissions reductions New York, California and so forth would possibly obtain.

Simply as Hochul & Co. are telling flat-out lies about President Biden’s situation, they’re blowing pure smoke concerning the “power transition.”

Inform the reality and pull the plug on this madness.



Source link

Tags: BlackoutsEnergyGoalsgreenhitPlugpullSuicidalYork
ShareTweetShareShare
Previous Post

Former Barcelona supervisor admits ‘dream’ to return to Camp Nou

Next Post

Microsoft says about 8.5 million of its gadgets affected by CrowdStrike-related outage By Reuters

Related Posts

a century of transformation in Southern Africa

a century of transformation in Southern Africa

by Index Investing News
April 27, 2026
0

Dr Pali Lehohla|Published 6 days agoIn this article that marks fifty years on from June 16, I posit through the...

The Queens street meetup was chaos—and can’t happen again

The Queens street meetup was chaos—and can’t happen again

by Index Investing News
April 25, 2026
0

Let’s get something straight right away: What happened at 69th Street and Eliot Avenue last weekend was serious—not a case...

Why Dhaka is watching Bengal elections closely

Why Dhaka is watching Bengal elections closely

by Index Investing News
April 21, 2026
0

On April 23 and 29, West Bengal will head to the hustings, to elect a new state assembly. This is...

The 4 Pillars I Used To Build Wealth (Not Luck, Not Hype)

The 4 Pillars I Used To Build Wealth (Not Luck, Not Hype)

by Index Investing News
April 18, 2026
0

A lot of us grow up believing that wealth is something reserved for other people. It can feel like something...

What one needs to build a tech unicorn: A dream, some employees and lots of AI hype

What one needs to build a tech unicorn: A dream, some employees and lots of AI hype

by Index Investing News
April 17, 2026
0

Investors’ appetite to back companies created by breakaway former employees of top AI labs is insatiable. Last July, OpenAI’s former...

Next Post
Microsoft says about 8.5 million of its gadgets affected by CrowdStrike-related outage By Reuters

Microsoft says about 8.5 million of its gadgets affected by CrowdStrike-related outage By Reuters

US to take ‘laborious look’ at fighter mission, prime official says By Reuters

US to take 'laborious look' at fighter mission, prime official says By Reuters

RECOMMENDED

Argentina’s president withdraws help for LIBRA token, admits to skipping due diligence

Argentina’s president withdraws help for LIBRA token, admits to skipping due diligence

February 15, 2025
Sam Asghari Jokes About Paparazzi Disguise After Britney Spears Split – Hollywood Life

Sam Asghari Jokes About Paparazzi Disguise After Britney Spears Split – Hollywood Life

August 21, 2023
Dozen dead in fireworks warehouse blast — RT World News

Dozen dead in fireworks warehouse blast — RT World News

July 31, 2023
Alphabet to cut 12,000 jobs in largest ever round of layoffs By Investing.com

Alphabet to cut 12,000 jobs in largest ever round of layoffs By Investing.com

January 20, 2023
Raiders planning to release star CB following Week 12 benching

Raiders planning to release star CB following Week 12 benching

November 27, 2023
Ukraine Russia war news: Putin’s cluster bomb threat to Kyiv as drones ‘shot down over Crimea’ – live

Ukraine Russia war news: Putin’s cluster bomb threat to Kyiv as drones ‘shot down over Crimea’ – live

July 16, 2023
Distinctive ADU unites South Pasadena household, regardless of allow guidelines

Distinctive ADU unites South Pasadena household, regardless of allow guidelines

May 31, 2022
Former NBA player and coach Paul Silas passes away at 79

Former NBA player and coach Paul Silas passes away at 79

December 12, 2022
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In