As estimated by NYSERDA’s Environmental Disclosure Label data for NY State, alternative sources of energy are on the rise. Comparing 2014 data to that available in 2017, hydroelectric sources went from 5% to 9%. Meanwhile, the use of natural gas went from 56% to 42%.
Not only are alternative sources rising, and natural gas on the decline, but CO2 levels relative to New York State went from an average of 132% in 2014 to 115% in 2017. Programs, policies and legislation such as generous energy efficiency incentives, NYC’s Climate Mobilization Act and Reforming the Energy Vision (REV) will result in increased renewables on the grid, which is a trend that we expect to continue.