"New York State is undertaking one of the most ambitious efforts in the U.S. to address climate change by reducing climate-altering emissions from every sector of the economy and investing in an equitable, clean energy future for all New Yorkers.
An economywide Cap-and-Invest Program will establish a declining cap on greenhouse gas emissions, limit potential costs to New Yorkers, invest proceeds in programs that drive emission reductions in an equitable manner, and maintain the competitiveness of New York businesses and industries. Cap-and-Invest will ensure the state meets the greenhouse gas emission reduction requirements set forth in the Climate Leadership and Community Protection Act (Climate Act)."