Acting DEC chief: cap-and-invest regs to drop this month
UPDATED 10:42 AM ET Mar. 07, 2025
The new acting commissioner of the state Department of Environmental Conservation said the agency will release draft regulations later this month for a cap-and-invest system that would generate revenue for green energy projects after Gov. Kathy Hochul delayed its implementation late last year.
Acting DEC Commissioner Amanda Lefton, who assumed the role Tuesday after Hochul nominated her to the role last month, said the department will advance long-awaited details of the cap-and-trade system mandated by law, which will require companies to buy credits from the state to contribute to its greenhouse gas emissions and fund rebates to reduce utility costs for taxpayers.