In April, 2019, Mayor Bill de Blasio announced New York City’s own Green New Deal as “a bold and audacious plan to attack global warming on all fronts. It is comprised of $14 billion in new and committed investments, legislation and concrete action at the City level that will ensure a nearly 30 percent additional reduction in emissions by 2030, a total emissions reduction of 40 percent by 2030 and putting ourselves on track for full carbon neutrality by 2050.” Among many other commitments to health, jobs and transportation, the Green New Deal requires 50,000 buildings to cut their emissions through efficiencies, bans new inefficient glass-walled buildings, moves to bring Canadian hydro-power to create carbon-free electricity by 2025, makes organics recycling mandatory, reduces waste, and commits to a carbon neutral fleet by 2040. The City is also investing $20 billion in resiliency planning to protect the City from sea-level rise and other effects of climate change. See the full report here.
The price of electricity in the New York City area is more than 40 percent higher than the national average, according to the federal Bureau of Labor Statistics.