stop by President Obama on Dec. 9th.
The US is committing to a provisional target of 17% below 2005 levels by 2020 and 83% reduction by 2050. The Brookings Institution noted, this may be the most complicated international political endeavor of all time. A set of domestic policy themes emerged from the ACORE renewable energy event in DC. 1) Need for a national plan that puts price on carbon. 2) Federal government needs transmission & distribution siting and cost allocation authority if states cannot act. 3) Support for the Clean Energy Development Authority (to aid both innovative and proven technologies). 4) Importance of a national renewable energy standard and ability of feed-in-tariffs to drive market development.
Here in New York, the State Energy Planning Board has prepared a comprehensive draft State Energy Plan that identifies goals to make energy more reliable, secure and affordable for New Yorkers, while addressing climate change.
Read the draft New York State Energy Plan: http://www.nysenergyplan.com/stateenergyplan.html
The New York State Green Strategic Investment Program (GSIP) was established to commit $500 million over three years to environmentally focused investment strategies. Recently, the GSIP chose to invest $200 million of the assets of the New York State Common Retirement Fund (NYSCRF) in the FTSE Environmental Technology 50 (FTSE ET50) and the HSBC Global Climate Change Index. Investment in companies in both indexes will be internally managed by the $154.5 billion NYSCRF.