{"id":196348,"date":"2026-04-14T02:57:08","date_gmt":"2026-04-14T02:57:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/196348\/"},"modified":"2026-04-14T02:57:08","modified_gmt":"2026-04-14T02:57:08","slug":"new-yorks-costly-and-disastrous-anti-carbon-green-energy-money-grab-may-be-getting-a-needed-reset","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/196348\/","title":{"rendered":"New York\u2019s costly and disastrous anti-carbon, green energy money grab may be getting a needed reset"},"content":{"rendered":"

Nearly two dozen clean-energy projects<\/a> may be scrapped because the financial math doesn\u2019t add up \u2014 and as state regulators refuse to renegotiate state contracts to reflect tariffs, inflation and rising labor costs.<\/p>\n

According to the Times Union, the New York State Energy Research Development Authority told the developers they must move forward under the terms of earlier agreements.<\/p>\n

That stance spells trouble for clean-energy developers<\/a> stung by higher costs and no way of making the solar and offshore wind projects economically viable without more state cash.<\/p>\n

Thus far, an estimated 60% of large-scale wind and solar farms that have received contracts from NYSERDA have been canceled.<\/p>\n

Credit Gov. Hochul for finally seeing the folly of predecessor Andrew Cuomo\u2019s<\/a> cynical anti-carbon agenda merely to curry political favor with greenies and left-wing Democrats.<\/p>\n

\t\t\tMore From\t\t\t\t\t\t\tPost Editorial Board<\/p>\n

By looking to make climate reform part of the state budget, Hochul\u2019s giving lawmakers an excuse for doing the right thing \u2014 and lowering sky-high energy costs.<\/p>\n

\u201cWe need a longer runway,\u201d said Gov. Hochul about needing to amend New York\u2019s controversial 2019 climate law after a state judge upheld implementing the law\u2019s rigid targets and timeline in achieving a 40% reduction in greenhouse gas emissions.<\/p>\n

In re-election mode, the gov recognized that net-zero emissions<\/a> mandates massively hiking gasoline prices and utility bills would derail her campaign\u2019s affordability agenda.\u00a0<\/p>\n

A damning Public Policy Institute study reported that the clean-energy program succeeded in driving up costs for families and constraining reliable supply.\u00a0<\/p>\n

Together, Hochul and Cuomo had put the state on a course that retired fossil-fuel power plants faster than alternative energy ones could come online while simultaneously increasing electricity demand.<\/p>\n

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All of it combined to threaten the power grid\u2019s reliability<\/a> as electricity demand grows.<\/p>\n

Expensive and intermittent clean energy sources (like solar) can\u2019t match the reliability of cheaper natural gas-fired power plants.<\/p>\n

It should come as no surprise that the gov\u2019s political survival trumped going ahead with expensive and unpopular green energy projects.<\/p>\n

As budget talks conclude in the next few weeks, Hochul and the Legislature must ignore climate-change advocates\u2019 new demand that the Empire State publicly own and build clean energy projects.\u00a0<\/p>\n

Government-owned offshore wind and solar farms would be open to higher cost overruns as well as corruption, fraud, waste and abuse.<\/p>\n

New Yorkers should not be squeezed anymore than they have been or put at risk for blackouts just to satisfy diehard greenies.<\/p>\n","protected":false},"excerpt":{"rendered":"Nearly two dozen clean-energy projects may be scrapped because the financial math doesn\u2019t add up \u2014 and as…\n","protected":false},"author":2,"featured_media":196349,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[4241,80,7443,304,7442,19523,19475,426,9,11,10,21755,299,2157,7441,4281],"class_list":{"0":"post-196348","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-york","8":"tag-albany","9":"tag-andrew-cuomo","10":"tag-climate-change","11":"tag-editorial","12":"tag-electricity","13":"tag-fossil-fuel","14":"tag-green-energy","15":"tag-kathy-hochul","16":"tag-new-york","17":"tag-new-york-headlines","18":"tag-new-york-news","19":"tag-offshore-wind","20":"tag-opinion","21":"tag-renewable-energy","22":"tag-solar-power","23":"tag-state-budget"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/196348","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=196348"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/196348\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/196349"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=196348"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=196348"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=196348"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}