This week, we took another step forward in protecting our climate in the spirit of Earth Day. There were nine bills that were included in the Earth Day package of legislation, ranging from land and water conservation to instituting a two-year moratorium on cryptocurrency mining operations that use proof of work authentication methods.
The bills we passed accomplish the following:
• Establish a goal to conserve 30% of the land and inland waters in the state by 2030 in order to help protect against climate change and prevent mass extinctions (A5390-B). Currently, New York conserves or protects 19% of our land;
• Require the NYS Office of General Services to begin to purchase zero-emission vehicles for use in the state fleet and facilitate the construction of electric vehicle infrastructure across the state (A2412-B);
• Update the responsibilities of the Building Codes Council and increase appliance energy efficiency standards (A8143-A);
• Require the NYS Department of Environmental Conservation to factor in disproportionate or inequitable pollution burdens on disadvantaged communities when renewing or issuing new environmental permits (A2103-D);
• Direct the New York State Energy Research and Development Authority to prepare a report identifying dormant or decommissioned electric generating sites that could be suitable for renewable energy development and energy storage opportunities (A340-B);
• Establish an electric landscaping rebate program for equipment like leaf blowers, weed whackers, and lawn mowers (A8327-A);
• Allow renewable energy customers to donate bill credits from the production of excess energy from residential equipment such as home solar panels to low-income families (A7703);
• Require carpet manufacturers to submit a plan to the DEC by the end of 2023 to establish a carpet collection program in order to reduce the disposal of unwanted carpets in landfills (A9279);
• Establish a moratorium on cryptocurrency mining operations that use proof of work authentication methods to validate blockchain transaction and require a comprehensive environmental impact study of cryptocurrency mining operations (A7389-C).
I want to take a moment to address the legislation on cryptocurrency mining operations, as I know that many New Yorkers are interested in the core concept of decentralized currency systems such as Bitcoin and other forms of cryptocurrency. The moratorium we established does not restrict all types of cryptocurrency mining in New York (there are over sixteen different methodologies to authenticate information contained within new blocks on a blockchain for cryptocurrency), but it does restrict the energy-intensive proof of work model. Essentially, this type of cryptocurrency mining is highly energy-intensive because it requires immense amounts of computing power. I am admittedly not an expert in the nuts and bolts of blockchain technology, but my understanding is that fundamentally this proof of work model requires individuals or companies to solve highly complex mathematical equations in order to authenticate a transaction, which in turn earns them credit (which is the valuable component of cryptocurrency). Because this process is designed to not be solvable by computer program more efficiently than brute force guesswork, companies are increasingly using massive computers to increase their earning potential — a process which demands huge amounts of energy.
I am proud to support each of these bills, and I believe we need to continue taking big steps forward to address our climate crisis. I have been working hard to enact Green Transit, Green Jobs legislation in New York which would require all public transit agencies to purchase only zero-emission buses starting in 2029 while creating incentives for those buses to be manufactured right here in New York. We also need to continue to work to pass the Climate and Community Investment Act, which would impose a carbon tax on the small number of industrial polluters who account for a huge amount of our greenhouse gas emissions.
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