(Reuters) -New York Governor Kathy Hochul directed state agencies on Friday to accelerate procurement of $5 billion of wind and solar energy projects before the expiration of federal subsidies being phased out under President Donald Trump’s new tax law.
WHY IT’S IMPORTANT
The move by a Democratic governor is aimed at protecting the state’s ambitious clean energy and climate change goals amid waning support for such policies from the Republican Trump administration.
KEY QUOTE
“By directing our state agencies to move projects across the finish line, we are seizing every opportunity to leverage federal incentives, reduce costs for ratepayers, and build a more resilient, sustainable and reliable energy grid,” Hochul said in a statement.
CONTEXT
The One Big Beautiful Bill Act, which Trump