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This is not the first time that the legislature has diverted RGGI proceeds for other purposes—it also diverted $90 million in 2009 and $41 million in 2015 to the general fund. As detailed in the RGGI investment plan , these funds are typically used to support energy efficiency and renewable energy programs in New York State.
From the abrupt halt to support to photovoltaics in Spain in 2009 to issues with the territorial planning of incentivised windpower in France and Germany (or near Donald Trump’s golf course …) renewable energy policy can prove hard to manage, even (or especially?) when it relies on apparently simple market-based instruments.
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