New York defers on renewable targets
Instead, the commission tweaked current policies and kicked off a wholesale review of the state's renewable energy development efforts, acknowledging the status quo hasn't succeeded.
'We have a wide array of challenges we need to overcome,' Public Service Commission Chair Rory Christian said at a commission meeting Thursday. 'The dynamic realities of project development has shown us that we are taking what I view to be a measured approach towards putting ourselves in a position to meet those goals.'
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Why it matters: Rising costs, Trump's election and the sharp pivot in federal policy on renewables have made achieving decarbonization goals a far heavier lift — with the state and ultimately its residents likely having to pay more for the upfront investments needed.
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