Pass the CCIA – Climate and Community Investment Act

The Climate and Community Investment Act is a bill that was recently introduced in the New York State Senate. Over the next ten years, the Climate and Community Investment Act (CCIA) would raise $10-$15 billion per year towards transitioning New York State away from fossil fuels and towards a green energy economy.
The funds from the CCIA will be distributed in a way to allow a successful transition to renewable energy in New York State. A third of the funds will be directed towards local community organizations focused on serving communities most affected by environmental justice issues. These funds will contribute to the creation of community-led renewable infrastructure projects and programs that are aimed at achieving cleaner air, water, and better public health.
Roughly seven percent of funds will be directed towards workers and communities within the fossil fuel industry, providing new job training, helping with retirement plans, introducing new economic development, and replacing potential lost tax revenue.
Thirty percent of the funding will contribute to a Climate Jobs and Infrastructure Fund focused on large-scale investments. Some examples of these investments are the expansion of solar energy, offshore wind, and electric vehicle infrastructure across the state.
The remaining third of the CCIA funding will be allocated to energy rebates to the lowest-earning 60% of New York residents in an attempt to lower utility costs.
This bill is expected to create over 150,000 sustainable jobs within the first decade of its passing. Frontline communities, women in non-traditional trades, unemployed individuals, and formerly incarcerated New York residents would be prioritized for hiring for these new jobs. Additionally, schools, child care, and public transportation would be prioritized investments. In addition, the CCIA would enforce a Polluter Penalty, by charging fees on companies who import fossil fuels into New York state.
If you are in favor of the Climate and Community Investment Act, please consider calling to let your Assembly and Senate representatives know. The Senate Energy Committee and the Senate Environmental Conservation Committee are holding hearings on the CCIA on April 13th beginning at 10 am.
If you wish to contact your representatives to let them know you are in favor of the CCIA then make sure to call and inform them before April 13th.
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