New York adopts cap and trade as a pillar of climate action

Sales of gasoline powered cars would be banned in 2035, natural gas hookups in new homes would be prohibited starting in 2025 and a statewide cap and trade program would be implemented by the end of the decade under the recommendations approved by a New York climate committee Monday.

The plan finalized by the Climate Action Council was a step forward in meeting the ambitious emissions targets established by a landmark state law in 2019. The Climate Leadership and Community Protection Act created the council to map out how the state would cut emissions 40 percent of 1990 levels by 2030 and achieve carbon neutrality by 2050.