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New York: New legislation shines a light on $1.5B tax subsidies on fossil fuel industry

Gov. Andrew Cuomo’s Reforming the Energy Vision (REV) is an initiative that seeks “to rebuild, strengthen, and modernize New York’s energy system while bringing economic growth to New York.” REV’s goals for the year 2030 include a 40 percent reduction in greenhouse gas emissions from 1990 levels, the generation of 50 percent of electricity from renewable sources, and a 23 percent reduction in energy consumption of buildings from 2012 levels.

The effort is bearing fruit. An early September article characterized New York as the “new US climate leader.”

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