RGGI Stakeholder Meeting Transcript 12-10-2021 1 00:00:20.399 --> 00:00:32.130 Good afternoon and welcome to this meeting on NYSERDA's proposed 2022 Amendment to the Regional Greenhouse Gas Initiative Operating Plan. 2 00:00:32.130 --> 00:00:40.350 My name is Joan Kennedy. I work in Office of Communication Services, Bureau of Public Outreach at 3 00:00:40.350 --> 00:00:48.000 New York State DEC. I am very pleased to serve as your moderator for today's meeting on behalf of NYSERDA. 4 00:00:48.865 --> 00:00:53.695 NYSERDA's purpose today is to provide information on the funding assumptions, 5 00:00:53.994 --> 00:01:04.405 proposed budgets and programs included in the proposed amendment, answer stakeholder questions about the proposed amendment, and importantly, 6 00:01:04.769 --> 00:01:10.019 begin the process of taking written comments on the proposed amendment. 7 00:01:10.284 --> 00:01:19.614 Next slide please. Before beginning, I'd like to briefly go over some housekeeping details for this afternoon's meeting. 8 00:01:20.484 --> 00:01:26.844 First, please note this meeting is being recorded and that recording will be available on the NYSERDA website, typically 9 00:01:27.510 --> 00:01:41.965 within 4 days at the, um, by the end of this meeting, so available on NYSERDA's website by late next week. Because of the large number of expected audience members, we cannot allow verbal questions or comments. 10 00:01:42.954 --> 00:01:51.234 We ask that you use the question and answer function as indicated on the slide to submit either questions or comments. 11 00:01:51.775 --> 00:02:05.754 I will pose questions to staff, but in the interest of time, I will not read the comments aloud. Comments submitted through the question and answer function will be recorded and treated as written comments. 12 00:02:06.325 --> 00:02:17.544 If you experience technical difficulties during this meeting, you can contact Tricia King and her web, her email address is on the slide. 13 00:02:18.090 --> 00:02:22.199 Tricia.King@nyserda.ny.gov 14 00:02:22.794 --> 00:02:23.784 Next slide please. 15 00:02:26.514 --> 00:02:27.444 So, 16 00:02:27.444 --> 00:02:29.664 with those housekeeping details out of the way, 17 00:02:30.085 --> 00:02:38.365 I'm pleased to invite opening remarks from NYSERDA President and Executive Chief Officer Doreen Harris, 18 00:02:38.425 --> 00:02:41.305 and from Department of Environmental Conservation 19 00:02:41.305 --> 00:02:44.425 Deputy Commissioner for Air Resources, Climate Change and Energy, 20 00:02:44.455 --> 00:02:49.854 Jared Snyder representing Commissioner Basil Seggos. 21 00:02:50.669 --> 00:02:54.960 And I think President Harris, you're first. 22 00:02:54.960 --> 00:02:59.219 Great. Good afternoon. Can you hear me okay? 23 00:02:59.219 --> 00:03:06.449 Yes. Great. I'd like to thank you all for joining us today to discuss the Regional Greenhouse Gas 24 00:03:06.449 --> 00:03:19.620 Initiative Operating Plan. We in New York are certainly moving forward with changing our energy landscape to meet our nation leading climate goals and ultimately achieve economy wide decarbonization. 25 00:03:19.620 --> 00:03:25.500 Our work proceeds in earnest as we implement our Climate Act here in New York state 26 00:03:25.500 --> 00:03:31.379 and get closer to our Climate Action Council releasing the draft scoping plan 27 00:03:31.379 --> 00:03:42.120 by the end of this year. We very much look forward to the public input process that will follow the issuance of the draft scoping plan later this year 28 00:03:42.120 --> 00:03:50.669 and we certainly will look forward to your feedback on the pathways identified in the plan and how these pathways can put New York 29 00:03:50.669 --> 00:03:57.930 on a path toward the achievement of our 85% greenhouse gas emissions reduction by 2050 goal. 30 00:03:59.009 --> 00:04:08.219 We also hope to receive your thoughts and realizing equity, system reliability and a just transition as we advance our emissions reductions statewide. 31 00:04:08.219 --> 00:04:15.180 And, of course, these efforts are in addition to many climate act milestones that have already been met. 32 00:04:15.180 --> 00:04:23.490 And RGGI is certainly an important element of our state's decarbonization strategy and, indeed, that of the region. 33 00:04:23.490 --> 00:04:34.978 So today I'm happy to launch our 2022 program planning presentation with New York State Department of Environmental Conservation, Deputy Commissioner Jared Snyder 34 00:04:34.978 --> 00:04:41.788 who will speak in just a moment. RGGI serves not only to reduce emissions from electric generation 35 00:04:41.788 --> 00:04:48.028 but also serves as an important source of proceeds that enable investments in energy efficiency, 36 00:04:48.028 --> 00:04:51.598 renewable energy and carbon abatement technologies 37 00:04:51.598 --> 00:04:54.869 guided by this annual plan. 38 00:04:54.869 --> 00:05:04.348 So, the initiatives that we are proposing in the amendment will ensure that our approach for RGGI investments advance the goals established by the Climate Act, 39 00:05:04.348 --> 00:05:11.189 while contributing to both emissions reductions and benefiting disadvantaged communities across the state 40 00:05:11.189 --> 00:05:20.369 as the law mandates. With that said, we are happy to provide an overview today of what's proposed for RGGI proceeds over the next 3 years. 41 00:05:20.369 --> 00:05:25.439 And I also look forward to your input so that we can put forth a plan that's sound 42 00:05:25.439 --> 00:05:29.338 and demonstrates the best use of these RGGI investments 43 00:05:29.338 --> 00:05:34.379 for New Yorkers. So thank you for having me and I will now turn it over to Jared. 44 00:05:37.408 --> 00:05:48.598 All right, thank you. Thank you, Doreen. And thanks for that sort of summary of, of the importance of the Climate Act. You know, I think RGGI is 45 00:05:49.134 --> 00:06:01.584 an example of how we're moving forward reducing emissions at the same time as we're engaged in this this planning process to to achieve the goals, 46 00:06:02.754 --> 00:06:10.673 the very important goals of the of the Climate Act and 2021 has been another good successful year for RGGI. 47 00:06:10.673 --> 00:06:13.014 Let me just touch on a couple of highlights. 48 00:06:13.014 --> 00:06:18.803 Virginia joined the program and we're in conversation with other states, 49 00:06:18.803 --> 00:06:19.463 including Pennsylvania, 50 00:06:19.463 --> 00:06:26.574 about expanding the program as well. In New York, 51 00:06:26.574 --> 00:06:31.973 we added peaking plans to the program in 2021 and that was the direct result of engagement 52 00:06:31.973 --> 00:06:46.613 with the public in meetings like this. And and I'm also pleased that we're going to hear today about how RGGI investments are going to be meeting 53 00:06:46.613 --> 00:06:50.874 the investment requirements of the of the Climate Act, 54 00:06:50.903 --> 00:06:53.754 which are the investment requirements to, 55 00:06:53.754 --> 00:06:55.524 to benefit disadvantaged communities, 56 00:06:55.524 --> 00:07:03.894 which are very important to be sure that that all New Yorkers share equitably in the benefits of this program. 57 00:07:06.713 --> 00:07:07.134 So, 58 00:07:07.733 --> 00:07:11.213 another another process is going to be starting in, 59 00:07:11.244 --> 00:07:12.053 in 2022 actually, 60 00:07:12.053 --> 00:07:16.283 started already is the 2022 program review for RGGI. 61 00:07:16.283 --> 00:07:27.533 The previous program reviews that we've done have resulted in reductions in the cap to achieve greater reductions and we're going to start that process in 2022. 62 00:07:28.043 --> 00:07:39.144 I believe there's stakeholder meetings next week to get input and we look forward to continuing the progress we've made with RGGI to achieve our mission reduction goals, 63 00:07:39.144 --> 00:07:53.363 not just in New York, but, but across the entire region. So, I hope some of you will participate in those meetings as well. We intend to have additional New York focus meetings in 2022. So, 64 00:08:01.288 --> 00:08:15.834 you know, that that's about what what I have for an introduction today. I look forward to the conversation. I'm glad to see many familiar faces virtually on the attendee list that I'm looking at and look forward to your input. Thank you. 65 00:08:18.209 --> 00:08:25.228 Thank you President Harris and Deputy Commissioner Snyder. Could we have the next slide please? The agenda. 66 00:08:25.283 --> 00:08:32.004 Thank you. So today we're going to be looking at the funding assumptions and, 67 00:08:32.153 --> 00:08:32.423 uh, 68 00:08:32.423 --> 00:08:47.124 we will have a review of the proposed budgets and proposed programs as well as hearing about progress on addressing disadvantaged communities goals and we will provide an opportunity for you to submit 69 00:08:47.484 --> 00:08:50.004 written questions as I indicated earlier, 70 00:08:50.278 --> 00:08:57.269 as well as an opportunity to submit written comments. We really want to hear from the stakeholders. 71 00:08:57.269 --> 00:09:11.759 Next slide please. So, for review of the funding assumptions and program budgets, we will bring to the microphone Pam Poisson, NYSERDA Chief Financial Officer. Pam. 72 00:09:15.504 --> 00:09:21.563 Joan, let me do an audio check real quick. Am I audible? Yes, you are. Fantastic. Thank you. 73 00:09:22.433 --> 00:09:32.004 So I will share a few highlights on the framing for our work on the operating plan looking at our funding assumptions. 74 00:09:32.604 --> 00:09:40.913 Joan, if we might go to the next slide, please. Looking forward over the course of the next 3 years, 75 00:09:40.943 --> 00:09:53.274 Uh, which is the current window that this amendment covers, and in an effort to stay consistent with our historical posture of being conservative in our planning, 76 00:09:53.783 --> 00:10:03.653 Uh, we have in place right now, an operating plan that assumes future auction prices, uh, averaging 8 dollars in that window. 77 00:10:04.884 --> 00:10:16.043 That price is conservatively estimated based on a look back of the 5 auctions leading up through September of this year. So, I want to be clear, 78 00:10:16.043 --> 00:10:28.374 does not include the December auction, but includes the latest data through the timeframe in which this plan was assembled. As anticipated, and it would be best practice, 79 00:10:28.374 --> 00:10:35.573 we've increased that by a modest inflationary factor to arrive at this estimate of 8 dollars. 80 00:10:37.524 --> 00:10:51.384 Obviously, as we factor in the most recent auction, and we turn to the current year's plan amount, we try to use the best data available for the current year. 81 00:10:51.744 --> 00:11:05.903 Um, and so we have, uh, our historical prices, uh, for the two options in the early part of the year, and then carry that 8 dollar assumption through the balance of that of the year. 82 00:11:06.533 --> 00:11:18.504 Um, one thing I do want to note, having seen the latest auction, I want to remind everyone that, uh, while the prices have been trending in an upward direction, 83 00:11:18.864 --> 00:11:32.724 Um, there are, uh, both historical trends to point to, to note that, uh, they tend to fluctuate a bit over time and hence, a conservative posture is warranted. Further 84 00:11:32.724 --> 00:11:36.563 there are quite a few factors that are the drivers of the price 85 00:11:37.313 --> 00:11:48.323 and none of them can be perfectly projected, Uh, so we want to make sure that we are, uh, being conservative in our planning. Um, so that leads us to those pricing assumptions. 86 00:11:48.323 --> 00:11:54.653 If we turn then to the following slide to see how that translates into the total funding 87 00:11:55.014 --> 00:12:09.472 Um, the assumptions here, of course, are just a natural product of the number of allowances, uh, that New York has involved in the RGGI auction process, Um, multiplied by that allowance price estimate. 88 00:12:10.014 --> 00:12:22.854 So you can see on your screen there for the 3 years associated with this planning window, so, 22 through 25, uh, we have auction proceeds, uh, ranging from 167.4 Million in this upcoming year, 89 00:12:22.854 --> 00:12:30.984 Um, and then as the allowances are stepping down over time, um, at least it's currently planned, that 90 00:12:35.639 --> 00:12:49.583 translates to 153.3. Uh, so roughly over the 3 year window, that combined with interest earnings, um, given, uh, our assumption around those earnings, um, at market prices and, uh, historical investment strategy, 91 00:12:53.668 --> 00:13:00.808 puts our 3 year operating plan budget roughly in the 508 Million dollar range. 92 00:13:00.808 --> 00:13:14.519 Um, and then, lastly, just to round out, kind of the financial aspect of this to give you a sense of scale, uh, if we go to, uh, the 2 slides forward, um. 93 00:13:14.519 --> 00:13:27.624 and we look at how this is, then translated into the budgets, uh, we are, as it was noted earlier continuing forward with our, our multi year operating plan approach. 94 00:13:28.043 --> 00:13:37.583 Uh, so this amendment addresses the next 3 upcoming years. Um, we continue to aim for essentially a balanced budget each year 95 00:13:37.854 --> 00:13:50.573 Uh, so that the commitments for expenditures, each year, uh, supported by the, uh, operating plan are aligned with what we anticipate those revenues to be at the end of each fiscal year. 96 00:13:51.293 --> 00:13:55.734 Um, and then finally many of you may remember from last year's call 97 00:13:56.153 --> 00:14:10.464 Um, there is an intent to have transfers to the Clean Energy Fund consistent with past agreements. That is baked into the budget and that's 34 Million for the current fiscal year 98 00:14:10.464 --> 00:14:17.004 and then we see that, uh, stabilizing at 22 Million annually through the end of the planning horizon. 99 00:14:18.984 --> 00:14:28.283 Uh, so hopefully that gives you a sense of scale and our posture. Um, and I'd like to pause it there and turn it over to Joan 100 00:14:28.433 --> 00:14:36.083 Uh, who I believe has the next speaker up to explain how this will translate into the operating plan recommendations. Thank you. 101 00:14:37.109 --> 00:14:40.528 Thank you Pam. Um. 102 00:14:40.528 --> 00:14:49.408 John Williams, NYSERDA Vice President of Policy and Regulatory Affairs, will give us an overview with the proposed programs. John. 103 00:14:51.803 --> 00:14:54.714 Great. Thank you Joan and good afternoon 104 00:14:54.714 --> 00:15:09.053 everybody. Good to see everybody here with another RGGI operating plan meeting and I'm just going to launch a discussion of the programs that we've proposed for 105 00:15:09.053 --> 00:15:09.894 feedback 106 00:15:11.063 --> 00:15:24.894 and then we'll hand off to my colleagues here at NYSERDA to go into some depth into some new initiatives that that we've included in this year's program proposal. So, if you could go to the next slide. 107 00:15:25.644 --> 00:15:25.884 Um, 108 00:15:25.913 --> 00:15:32.964 the approach that we've adopted for RGGI investments is still pretty much staying the same. 109 00:15:32.964 --> 00:15:33.144 You know, 110 00:15:33.144 --> 00:15:48.114 we are looking to ensure that we retain alignment with the regulatory direction in terms of the nature of the strategies investments that we'll be making primarily with a focus on energy efficiency 111 00:15:48.114 --> 00:15:49.104 renewable energy 112 00:15:49.438 --> 00:16:03.599 and, you know, approaches, technologies, strategies, all of which can reduce carbon, carbon based emissions and greenhouse gas emissions, all helping to 113 00:16:03.599 --> 00:16:07.318 to, um, contribute to our overall state goals. 114 00:16:07.318 --> 00:16:17.339 The types of investments that we do look at, looking at commercially available energy efficiency and renewable energy technologies, that really how can we 115 00:16:17.339 --> 00:16:22.073 and move and accelerate markets for products and services in this space. 116 00:16:22.433 --> 00:16:28.524 We want to make sure, though, that we are also looking at building capacity for continuous and self 117 00:16:28.524 --> 00:16:30.053 sustaining long term, 118 00:16:30.053 --> 00:16:31.793 carbon reduction activity. 119 00:16:32.844 --> 00:16:33.984 Part of doing that 120 00:16:33.984 --> 00:16:41.094 is looking at how we empower our own communities to take on the carbon emission reduction challenge 121 00:16:41.094 --> 00:16:41.693 and how 122 00:16:42.028 --> 00:16:46.524 they in their own communities can transition to clean energy outcomes. 123 00:16:47.153 --> 00:16:51.774 We also want to stimulate entrepreneurship and growth of our clean energy 124 00:16:51.803 --> 00:16:52.163 uh, 125 00:16:52.163 --> 00:17:02.214 economy in New York as well as look at how financing and new financing approaches can help to increase adoption of clean energy 126 00:17:02.548 --> 00:17:15.689 Um, and result in emissions reductions in New York. So, looking at all of these types of strategies, we have developed this current 3 year portfolio and that's on the next slide. 127 00:17:15.689 --> 00:17:27.959 And so just from the highest level, we are looking at that 3 year investment timeframe, 464 Million dollars, as Pam had indicated in 128 00:17:27.959 --> 00:17:28.229 Um, 129 00:17:28.253 --> 00:17:31.824 our projection of our revenues. 130 00:17:32.183 --> 00:17:32.483 Um, 131 00:17:32.513 --> 00:17:32.723 here 132 00:17:32.723 --> 00:17:36.113 you can see a breakdown across the categories, 133 00:17:36.113 --> 00:17:40.253 renewable energy through energy efficiency, 134 00:17:40.253 --> 00:17:40.913 which is, 135 00:17:40.943 --> 00:17:43.074 is taking account of continued 136 00:17:43.763 --> 00:17:56.334 investments and existing programs that were approved last year. So such as our disadvantaged community schools and buildings program is still built within this energy efficiency wedge. 137 00:17:57.233 --> 00:18:04.854 We also want to make sure we're looking at innovative greenhouse gas abatement strategies, 138 00:18:05.394 --> 00:18:05.933 community 139 00:18:05.933 --> 00:18:17.544 clean energy where we are looking at our clean energy communities being maintained, as well as some new approaches to community and stakeholder engagement, 140 00:18:18.263 --> 00:18:21.953 which you'll be hearing about in a little bit. Pam had mentioned 141 00:18:21.953 --> 00:18:24.503 continued contributions to the Clean Energy Fund, 142 00:18:24.534 --> 00:18:26.483 so this is in sync with 143 00:18:26.909 --> 00:18:36.929 um, you know, ensuring that over the 10 years of the Clean Energy Fund that we maintain that RGGI contribution of 250 Million dollars over that 10 year timeframe. 144 00:18:36.929 --> 00:18:40.798 And so this indicates the next 3 year commitment to that, 145 00:18:41.064 --> 00:18:46.193 as well as other directed programs, such as our Green Jobs Green New York loan program. 146 00:18:46.644 --> 00:18:47.124 Um, 147 00:18:47.394 --> 00:18:49.013 so these investments also, 148 00:18:49.013 --> 00:18:49.253 you know, 149 00:18:49.253 --> 00:18:52.104 while while helping to stimulate market activity, 150 00:18:52.104 --> 00:19:01.344 also do contribute to percentages and look to realize benefits and low and moderate income 151 00:19:01.374 --> 00:19:02.993 disadvantaged communities. 152 00:19:04.733 --> 00:19:04.884 So, 153 00:19:04.884 --> 00:19:19.433 that's that's things from a very high level maintenance of some of the existing program strategies but now I will turn the mic over to have folks hear about some new 154 00:19:19.523 --> 00:19:22.673 program approaches that this year's program plan is looking at. 155 00:19:24.358 --> 00:19:31.679 Thank you, John. I'd, I'd like to, um, just ask Janet 156 00:19:31.679 --> 00:19:38.848 Joseph, NYSERDA Senior Vice President of Strategy and Market Development to go over some of the new program investments. 157 00:19:40.074 --> 00:19:50.874 Great uh, thank you Joan. Good afternoon everybody. I'm going to touch on a couple of new areas of investment and continuing areas of investment in the RGGI portfolio. 158 00:19:50.993 --> 00:19:51.263 So, 159 00:19:51.263 --> 00:19:55.074 we will be expanding incentives for solar projects, 160 00:19:55.074 --> 00:19:57.594 paired with energy storage this year, 161 00:19:57.804 --> 00:20:07.344 and we estimate that we will be able to build out several thousand residential storage systems through the funding available in this program 162 00:20:07.344 --> 00:20:17.453 and this is a critical part of our resiliency agenda. Additionally, we will be investing in community scale heat pump systems. 163 00:20:17.604 --> 00:20:23.874 You may hear those described as district geothermal systems or thermal energy networks, 164 00:20:23.903 --> 00:20:32.753 but these are a very effective way to advance our building decarbonization agenda moving beyond a building by building approach, 165 00:20:32.903 --> 00:20:37.673 starting to get go toward a block by block approach, 166 00:20:37.673 --> 00:20:40.433 and maybe even a community by community approach. 167 00:20:40.433 --> 00:20:43.223 So with these community heat pump systems, 168 00:20:43.223 --> 00:20:50.243 you basically have a piped network among buildings that can maximize the distribution, 169 00:20:50.394 --> 00:20:53.273 the capture of waste energy, typically harness 170 00:20:53.304 --> 00:20:53.453 a 171 00:20:53.483 --> 00:20:55.013 geothermal source. 172 00:20:55.163 --> 00:21:06.773 So, we will be investing in a number of demonstrations to roll this program out statewide and we will be complementing this with investments from the Clean Energy Fund. 173 00:21:07.108 --> 00:21:07.378 Uh, 174 00:21:07.403 --> 00:21:22.163 next slide please. So our Empower Plus program is a major vehicle for delivering energy efficiency and decarbonization services to low and moderate 175 00:21:22.193 --> 00:21:24.324 income New Yorkers, 176 00:21:24.443 --> 00:21:24.804 um, 177 00:21:24.834 --> 00:21:34.884 across the state. With funds from RGGI, we will now be able to serve low and moderate income customers of municipal electric utilities, 178 00:21:35.094 --> 00:21:44.634 helping them to improve weatherization, helping them to convert in many cases from very inefficient electric resistance heating, 179 00:21:44.634 --> 00:21:51.713 and potentially oil and propane to modern heat pump forms of electrification. 180 00:21:51.894 --> 00:21:56.064 So we will be a rolling this program out statewide. 181 00:21:57.419 --> 00:22:05.273 And again, this is an area that is supplemented and complimented with longstanding investments in the Clean Energy Fund. 182 00:22:05.482 --> 00:22:14.634 This is a very important part of our agenda to provide benefits to disadvantaged communities. Next slide, please. 183 00:22:17.219 --> 00:22:23.909 So decarbonizing transportation is a critical part of our agenda. With RGGI funding, 184 00:22:24.233 --> 00:22:35.933 we will continue to provide rebates for a plug-in electric vehicles, seeking to grow that market share considerably over the next few years. 185 00:22:36.324 --> 00:22:48.084 We will additionally be launching a new program focused on healthy and low carbon, new housing construction. So this will be a 186 00:22:49.644 --> 00:23:02.574 construction challenge working in partnership with builders and developers across New York state. We will be helping these builders and developers to advance all electric, 187 00:23:02.723 --> 00:23:04.013 high efficiency, 188 00:23:04.314 --> 00:23:06.354 housing developments, 189 00:23:06.384 --> 00:23:12.713 model homes to bring customers into these new high performing communities. 190 00:23:12.713 --> 00:23:13.854 And this is 191 00:23:14.189 --> 00:23:23.308 an attempt to try to build and develop the market as we position for more aggressive, new construction standards in New York state. 192 00:23:23.308 --> 00:23:30.989 And this will roll out statewide also in collaboration and coordination with funds from the Clean Energy Fund. 193 00:23:30.989 --> 00:23:34.288 And you can move on to the next slide, please. 194 00:23:36.838 --> 00:23:41.939 And I believe Jason is going to pick that up. 195 00:23:45.989 --> 00:23:49.558 Yes, um, thank you very much. 196 00:23:49.558 --> 00:24:00.989 So, Jason Doling, NYSERDA Vice President of Communities and Partnership, is going to talk about new program investments. 197 00:24:00.989 --> 00:24:05.308 Jason. Okay. Yep. Thank you and good afternoon. 198 00:24:05.308 --> 00:24:13.378 I'm going to just take a few minutes to touch upon some of the highlights. First off, from our workforce development talent perspective. 199 00:24:13.378 --> 00:24:21.058 This is our umbrella classification for on the job training, which is really our comprehensive approach 200 00:24:21.058 --> 00:24:24.894 to giving new individuals entering a clean energy job, 201 00:24:25.344 --> 00:24:37.313 or individuals who were transitioning from a fossil job into this space and compensates for up to 75% of the new workers wages during the on the job training portion 202 00:24:38.548 --> 00:24:44.818 for up to 6 months, in inparticular when someone is coming from a priority population 203 00:24:44.818 --> 00:24:56.638 or from within a disadvantaged community. So it's a pretty critical initiative. There's a long definition on our website of what's considered a priority of population, but just to give some examples, 204 00:24:56.638 --> 00:25:00.479 that includes veterans, individuals with disabilities, 205 00:25:00.479 --> 00:25:11.128 low income individuals, and those who were previously incarcerated or homeless. So there are some other examples, but that gives you a sense of what's included there. 206 00:25:11.128 --> 00:25:15.239 Just to put a number to what this is accomplished in the past, 207 00:25:15.239 --> 00:25:19.949 since the program's inception in total through on the job training, 208 00:25:19.949 --> 00:25:30.179 we've had 804 people trained, 30% of those people have been from priority populations or disadvantaged communities and the 209 00:25:30.179 --> 00:25:35.128 two most significant sectors that have been trained has been high efficiency, 210 00:25:35.128 --> 00:25:38.999 heating ventilation, air conditioning, heat pumps, 211 00:25:38.999 --> 00:25:46.858 as well as energy efficiency. I'll just further note, this is an area in the next year that we're really looking to lean into 212 00:25:46.858 --> 00:25:52.019 going beyond training individuals to working with partners to making sure these 213 00:25:52.019 --> 00:25:58.378 individuals have access to good family-sustaining jobs and longstanding jobs. 214 00:25:58.378 --> 00:26:01.378 We can move to the next slide please. 215 00:26:04.104 --> 00:26:17.423 The clean energy hubs is a pretty major initiative that was announced earlier this year that has a solicitation on the street. Both the hubs and the climate action consumer awareness and education work 216 00:26:17.669 --> 00:26:21.898 are really focused on supporting engagement with the residents within communities, on 217 00:26:21.898 --> 00:26:30.058 not only clean energy programs and opportunities those hold for them, but also addressing local resident needs. 218 00:26:30.058 --> 00:26:38.068 The the funding included here will expand what's available within the cleanup hubs to over 50 Million dollars over 4 years 219 00:26:38.068 --> 00:26:43.288 and that will establish a hub in each of the state's 10 economic development regions 220 00:26:43.288 --> 00:26:46.528 and up to 3 hubs in New York City 221 00:26:46.528 --> 00:26:53.068 to adequately serve the population of those regions. Both these initiatives in together 222 00:26:53.068 --> 00:26:57.058 will help with things such as, um, 223 00:26:57.058 --> 00:27:04.739 providing education to community members and residents about energy programs through NYSERDA, or through the local utility. 224 00:27:05.513 --> 00:27:12.324 Helping with community campaigns, that could be solar campaigns, energy efficiency campaigns, clean 225 00:27:12.324 --> 00:27:23.844 heat campaigns, developing outreach strategies to elevate the needs of residents within the local community, especially within disadvantaged, historically underserved communities 226 00:27:24.324 --> 00:27:37.373 so that there are more opportunities for those individuals to participate in program and policy development. And then finally, as I mentioned earlier, one of the other areas that the hubs will be helping us with, is 227 00:27:37.679 --> 00:27:42.209 helping with connecting the dots with individuals from the local community 228 00:27:42.209 --> 00:27:50.519 who have been trained in a clean energy job, and making sure that they have every opportunity to know where those jobs exist. 229 00:27:52.019 --> 00:27:57.509 That concludes my portion and happy to take any questions as we move further. Thank you, Joan. 230 00:27:58.794 --> 00:28:13.733 You're welcome. Please remember if you have questions to put it in writing in the question and answer feature. And with that, I'd like to hand the mic back to John Williams, Vice President of Policy and Regulatory Affairs. 231 00:28:14.213 --> 00:28:14.544 John. 232 00:28:16.463 --> 00:28:17.753 Great, thanks, Joan. 233 00:28:17.784 --> 00:28:20.963 And I'm happy to present on, 234 00:28:21.983 --> 00:28:22.253 you know, 235 00:28:22.253 --> 00:28:28.673 a couple of new research agenda items that that we believe can, 236 00:28:29.304 --> 00:28:29.844 you know, 237 00:28:29.903 --> 00:28:31.644 advanced the, 238 00:28:31.794 --> 00:28:36.233 not only the RGGI mission 239 00:28:36.384 --> 00:28:49.973 but also think about how we can better inform activities throughout our entire statewide portfolio of clean energy and carbon reducing activity. 240 00:28:50.483 --> 00:29:00.443 So, the first is an equity and climate transformation research, and this is intended to establish a framework of study. Right? 241 00:29:00.443 --> 00:29:00.683 So, 242 00:29:00.683 --> 00:29:04.284 a body of work that instead of focusing, 243 00:29:04.284 --> 00:29:07.013 maybe just on the environmental dimensions, 244 00:29:07.013 --> 00:29:18.923 or technology dimensions, really looking at the social dimensions on what it means to have inequitable and inclusive energy transition and to really take account of 245 00:29:19.199 --> 00:29:22.794 the lived experiences of New Yorkers, 246 00:29:23.064 --> 00:29:23.394 uh, 247 00:29:23.423 --> 00:29:34.973 who are in currently and underserved or overburdened communities and to utilize that research in a way that can help to prioritize the way we think about the, 248 00:29:35.003 --> 00:29:38.663 the benefit outcomes for disadvantaged communities. 249 00:29:39.324 --> 00:29:48.263 We would take utilize this program supporting scientific inquiry. That is also that is going to be looking 250 00:29:48.263 --> 00:30:00.233 not only just at the solutions that would be transformative to realizing climate action, but also would be to help inform strategies to ensure that 251 00:30:00.328 --> 00:30:00.689 Um, 252 00:30:00.683 --> 00:30:07.854 citizens can feel like they are effective in the in the activities that are being advanced, 253 00:30:08.482 --> 00:30:19.493 and that they are feeling that they are fully included in the way that New York state is designing strategies that were that are really oriented to benefit their communities. 254 00:30:20.634 --> 00:30:27.354 A, second area of research would be to look at climate mitigation and resilience. 255 00:30:28.223 --> 00:30:36.443 Some of this work, I would expand on the integration analysis that has been presented to the Climate Action Council. 256 00:30:36.443 --> 00:30:50.364 I'm sure a number of folks are very familiar with the work that has been happening at the CAC. This would also expand some of the existing integration analysis work that would look at the risks and 257 00:30:50.364 --> 00:30:59.213 vulnerabilities of both business as usual as we think about kind of our baseline energy systems, 258 00:30:59.513 --> 00:31:00.233 but then as 259 00:31:00.233 --> 00:31:12.894 we think about various types of potential transitions that we are accounting for, how we think about resilience in that in those carbon neutral energy system options. 260 00:31:13.703 --> 00:31:19.913 This would also take an account of looking at some potential sensitivity analysis on land use 261 00:31:19.913 --> 00:31:22.584 and climate change impact scenarios. Again, 262 00:31:22.584 --> 00:31:28.134 all of which would be designed to provide a fuller understanding of the many, 263 00:31:28.134 --> 00:31:34.943 very different aspects of decarbonization and movement towards climate neutrality 264 00:31:35.153 --> 00:31:42.084 even as we continue to just think about the, the technology and the market requirements needed to reach that end goal. 265 00:31:43.709 --> 00:31:47.548 And so that's our research agenda and maybe we can go to the next slide. 266 00:31:48.773 --> 00:31:57.773 Another new program investment that is being put forward this year is in natural carbon solutions. 267 00:31:58.344 --> 00:32:13.193 And the idea here is to look at how can we look at technology as well as business opportunities spaces, and start to advance solutions that lay that foundation for a bio economy in New York state. 268 00:32:13.223 --> 00:32:19.463 And so what does that really mean? So, what we're looking to do is really be in a place where we have 269 00:32:19.798 --> 00:32:25.134 facilitated and established a marketplace for natural emissions 270 00:32:25.134 --> 00:32:26.394 lowering products, 271 00:32:26.513 --> 00:32:28.253 substituting for other products, 272 00:32:28.913 --> 00:32:43.284 and demonstrating pathways on how we can utilize both our agriculture economy and our far history industries in means to try to lower that kind of carbon intensity of the New York state economy. 273 00:32:43.943 --> 00:32:56.394 We also do see this as an opportunity space to look at disadvantaged, rural communities and economic development in those communities, as well as jobs and revenue opportunities for those communities. 274 00:32:56.784 --> 00:33:00.294 So, a new, a new initiative launched 275 00:33:00.538 --> 00:33:05.338 trying to get at taking account of the contributions that can come from 276 00:33:05.338 --> 00:33:11.969 our agriculture and forestry industries, uh, in our overall advancement of a carbon neutral economy. 277 00:33:11.969 --> 00:33:16.499 And with that, I think I hand it back to you, Joan. 278 00:33:17.124 --> 00:33:17.933 Thank you, John. 279 00:33:18.713 --> 00:33:22.884 So I would like to now ask Jared Snyder, 280 00:33:23.753 --> 00:33:27.594 New York's Department of Conservation 281 00:33:27.594 --> 00:33:30.324 Deputy Commissioner, Air Resources, Climate Change and Energy, 282 00:33:30.324 --> 00:33:33.983 to please go over the new program investments. 283 00:33:34.013 --> 00:33:34.403 Jared. 284 00:33:34.858 --> 00:33:38.368 Thank you, Joan. Next slide, 285 00:33:38.368 --> 00:33:51.324 please. So this investment will will support the community air monitoring initiative that that is required by the Climate Act. 286 00:33:51.324 --> 00:34:03.324 The Climate Act requires DEC to undertake community air monitoring in at least 4 disadvantaged communities across the state and that, 287 00:34:03.628 --> 00:34:10.559 that that monitoring is to inform actions to reduce pollutants 288 00:34:10.583 --> 00:34:16.643 identified in those areas. You know, areas with that are disproportionately impacted by air pollution. 289 00:34:16.643 --> 00:34:16.884 Well, 290 00:34:17.664 --> 00:34:28.043 Governor Hochul in September announced that we will be expanding that program instead of just for communities, we'll monitor air quality in 10 291 00:34:28.043 --> 00:34:29.423 disadvantaged communities, 292 00:34:30.114 --> 00:34:34.733 home to approximately 5 Million New Yorkers living in areas 293 00:34:34.733 --> 00:34:45.713 historically overburdened by air pollution and this initiative will collect that hyperlocal data from from 294 00:34:47.188 --> 00:34:56.813 really on the ground in communities to inform solutions to reduce greenhouse gases and other pollutants. 295 00:34:58.164 --> 00:35:12.804 The Climate Act requires that we undertake this project, this monitoring in consultation with the Climate Justice Working Group. So, we will be working with the Climate Justice Working Group to identify those 10 disadvantaged communities. 296 00:35:13.793 --> 00:35:28.643 And we'll also work with the local communities in those areas to really target that that monitoring and engage the communities in follow up activities to take advantage and respond to 297 00:35:28.673 --> 00:35:29.844 to what we learn. 298 00:35:30.474 --> 00:35:31.253 And so, 299 00:35:31.253 --> 00:35:45.684 as part of that will be making another set of funds up to a 1 Million dollars under the Environmental Protection Fund available to 10 communities to help 300 00:35:46.103 --> 00:35:47.574 build capacity, 301 00:35:47.574 --> 00:35:53.994 help them engage in this process to make sure that that it is a meaningful process 302 00:35:53.994 --> 00:36:00.773 that results in on the ground reductions in greenhouse gases and other pollutants. 303 00:36:01.768 --> 00:36:08.128 Thank you. Next back to you, Joan. 304 00:36:13.943 --> 00:36:25.494 Oh, sorry. Um, so thank you, Jared. So, with that, I would like to pass the mic to Chris Coll to talk about progress to disadvantaged community's goals. 305 00:36:25.914 --> 00:36:30.923 Uh, Chris is the Director of Energy and Climate Equity at NYSERDA. Chris. 306 00:36:32.784 --> 00:36:47.304 Great. Thanks Joan. Good afternoon everyone. So I'm going to speak a little bit about the progress that we have made an advancing equity and increasing impact for frontline or disadvantaged communities under RGGI. And can we go to the next slide, please? 307 00:36:50.244 --> 00:36:50.603 So, 308 00:36:50.664 --> 00:36:50.873 you know, 309 00:36:50.873 --> 00:36:52.284 as as we're doing, 310 00:36:52.284 --> 00:36:54.324 kind of across the NYSERDA portfolio, 311 00:36:54.324 --> 00:37:03.893 and as other state state agencies are starting to do to to deliver on the climate justice and equity requirements of the CLCPA, 312 00:37:04.764 --> 00:37:08.304 we're looking for opportunities to adapt program strategies, 313 00:37:08.304 --> 00:37:14.184 or develop new approaches for increasing the impact of our initiatives within frontline, 314 00:37:14.184 --> 00:37:16.434 or otherwise disadvantaged communities. 315 00:37:17.213 --> 00:37:17.543 So 316 00:37:18.173 --> 00:37:29.244 within the, the 2022 operating plan amendment, we're kind of building on some of the, the changes and amendments that were made last year to increase the focus of RGGI investments on disadvantaged communities. 317 00:37:34.373 --> 00:37:45.443 As we've discussed over over the last couple of engagements on the RGGI Operating Plan, the allowance auction program regulations reflect the investment requirements of the CLCPA. 318 00:37:46.313 --> 00:37:46.914 So we heard, 319 00:37:46.914 --> 00:37:47.094 you know, 320 00:37:47.094 --> 00:37:50.813 Doreen and Jared speak about this a little bit earlier, 321 00:37:51.293 --> 00:37:53.574 essentially kind of setting setting the, 322 00:37:54.293 --> 00:38:09.173 the requirement that a minimum of 35% of the overall benefits associated with clean energy or energy efficiency investments or programs with a goal of 40% of those benefits being kind of received or otherwise 323 00:38:09.204 --> 00:38:17.094 directed to disadvantaged communities. So with the with the plan and the amendments that we're discussing today, 324 00:38:17.094 --> 00:38:24.773 we're estimating that 42% of investments or commitments post 2019 are expected to benefit disadvantaged communities. 325 00:38:24.773 --> 00:38:30.503 And so this reflects about an increase from the 34% of of commitments, 326 00:38:30.534 --> 00:38:40.884 benefiting disadvantaged communities from the point in time where we made the RGGI op plan amendments last year with the initiatives that were included. Next slide 327 00:38:40.884 --> 00:38:41.184 please. 328 00:38:48.565 --> 00:38:51.894 And so, let's, let's take a look at the distribution of investments. 329 00:38:52.375 --> 00:38:59.514 So the column on your left represents the historic cumulative commitments under RGGI through 2019, 330 00:38:59.514 --> 00:39:13.974 and the column on the right represents commitments post 2019. As you can tell, looking at the chart through 2019, approximately 23 of our RGGI investments were targeted to or benefited disadvantaged communities. With the programs and the amendments that 331 00:39:13.974 --> 00:39:16.375 we're discussing today, 332 00:39:17.304 --> 00:39:21.054 as part of the operating plan amendment, 333 00:39:21.054 --> 00:39:27.864 we're we're expecting that we're going to see an increase in the investments that are targeting disadvantage communities, 334 00:39:27.864 --> 00:39:29.065 post 2019 to 335 00:39:29.065 --> 00:39:31.164 42% of of overall RGGI, 336 00:39:31.164 --> 00:39:31.945 RGGI investments, 337 00:39:31.945 --> 00:39:32.244 benefiting disadvantaged communities. 338 00:39:40.440 --> 00:39:44.190 Um, can we go to the next slide please? 339 00:39:45.925 --> 00:39:53.364 So, this, this slide provides a breakdown of of the programs, and the respective funding amounts 340 00:39:53.815 --> 00:40:05.485 totally 287 Million dollars that we estimate will impact or benefit disadvantaged communities, or in some cases low, moderate income households and communities. 341 00:40:05.485 --> 00:40:20.364 So, this, this kind of list of initiatives totals the, the, the amount of funding that that was reflected in the previous chart from post 2019 commitments. 342 00:40:24.929 --> 00:40:38.460 And we could talk a little bit more about the, any of these programs, or any questions that folks have throughout the balance of the time that we have today. But, let me turn it back over to you, Joan. 343 00:40:41.934 --> 00:40:43.105 Thank you Chris. 344 00:40:44.275 --> 00:40:58.554 So let's see if I'm going to open up our discussion now. Please remember any questions or comments, to please put it in the question and answer function. And it looks like we have a question 345 00:41:00.025 --> 00:41:01.014 and I'm going to read it 346 00:41:01.014 --> 00:41:01.494 now. 347 00:41:01.974 --> 00:41:16.494 Why aren't the stakeholders looking at preventative maintenance of all deployed cooling equipment, fridges, freezers, AC for energy savings and redirect and indirect emissions 348 00:41:16.525 --> 00:41:23.485 reduction? The carbon trust has labeled it a major opportunity for emissions reduction. 349 00:41:24.420 --> 00:41:27.539 Richard Fennelly and is asking that. 350 00:41:27.539 --> 00:41:31.440 So, Janet, would you like to answer this? 351 00:41:31.735 --> 00:41:32.664 Sure, 352 00:41:32.724 --> 00:41:39.054 so the one thing that I would like to raise is that in our Clean Energy Fund, 353 00:41:39.295 --> 00:41:44.005 we do have major investments in something called real time energy, 354 00:41:44.244 --> 00:41:59.215 monitoring real time energy management and through the use of sensors deployed in a building and analytics and and various types of user interfaces, a building manager can 355 00:41:59.215 --> 00:42:03.565 get a better sense for the type of, 356 00:42:03.594 --> 00:42:03.894 uh, 357 00:42:03.925 --> 00:42:10.885 operational status of of the buildings and opportunities for preventative maintenance can be flagged. 358 00:42:10.885 --> 00:42:14.635 So, while we are not addressing that in the 359 00:42:14.969 --> 00:42:29.789 RGGI program, we do have investments in the Clean Energy Fund that are really focusing on kind of a continuous commissioning operational efficiency, operational performance through real time energy management. 360 00:42:34.590 --> 00:42:45.329 Thank you Janet. So, um, we do not have any other questions. I would like to ask the stakeholders to 361 00:42:45.329 --> 00:42:49.769 uh, uh, let me just 362 00:42:49.769 --> 00:43:01.019 double check. Oh, we do have a couple other questions. My apologies. Um, so in previous years, the annual transfer of 23 Million to the state 363 00:43:01.019 --> 00:43:15.809 was in anticipation of a provision requiring 23 Million transfer to the general fund in the executive budget. Has the current administration indicated that they 364 00:43:15.809 --> 00:43:23.940 will intend to and to continue that practice in next year's executive budget? 365 00:43:23.940 --> 00:43:27.840 Conor Bambrick. 366 00:43:27.840 --> 00:43:31.230 Uh, John would you like to take that? Yeah. 367 00:43:31.230 --> 00:43:37.170 Sure sounds good. Thanks, Joan and thanks for the question, Conor. 368 00:43:37.170 --> 00:43:43.945 Um, you know, I would say that, you know, we have we have not seen the executive budget yet. 369 00:43:44.724 --> 00:43:44.994 You know, 370 00:43:44.994 --> 00:43:47.905 what we are partly indicating here is, 371 00:43:48.474 --> 00:43:48.864 you know, 372 00:43:48.864 --> 00:43:50.784 our planning through, 373 00:43:51.804 --> 00:43:52.105 you know, 374 00:43:52.105 --> 00:43:56.755 taking our our operating plan from last year and for our planning purposes, 375 00:43:56.755 --> 00:44:00.204 and making sure that we are appropriately allocating funds 376 00:44:00.539 --> 00:44:08.425 for what we knew can be a program opportunity that we could roll out in year 1 of this operating plan. 377 00:44:09.114 --> 00:44:17.155 We do make an assumption that that there could be that allocation coming through the state budget in the upcoming year. 378 00:44:17.934 --> 00:44:18.534 Certainly, 379 00:44:18.534 --> 00:44:22.315 if there are changes to any of those budget proposals, 380 00:44:22.344 --> 00:44:27.025 those funds would be available for programming and, 381 00:44:27.804 --> 00:44:27.985 you know, 382 00:44:27.985 --> 00:44:34.195 we would look to make sure that we were otherwise allocating those funds for appropriate RGGI program uses. 383 00:44:34.824 --> 00:44:42.295 But for our planning purposes, we, we do make that assumption and and that's really just what you're seeing in the proposal today. 384 00:44:44.219 --> 00:44:53.699 Thank you, John. Uh, I had skipped a question. I would like to go back to it. Um, and Janet I would, I was wondering if you might 385 00:44:53.699 --> 00:44:55.074 be willing to answer this one. 386 00:44:55.105 --> 00:44:56.065 The question is, 387 00:44:56.304 --> 00:45:10.885 would you please discuss how the RGGI funding allocations will foster investments in new technologies needed to get 100 by 40 reliability in terms of what steps can be taken over the 3 388 00:45:10.885 --> 00:45:14.965 year time period under this draft plan amendment. 389 00:45:16.500 --> 00:45:22.230 Radmila Miletech. Thank you. Sorry? 390 00:45:22.230 --> 00:45:34.675 So, thank you, Joan, and thank you Rad for that question. Certainly getting to 100% clean energy by 2040 is one of our top priorities in our clean energy and climate agenda. 391 00:45:34.675 --> 00:45:49.224 And the question is specifically focusing on new technology. And what what I will say is, we are not using the RGGI resources to drive a lot of new technology development toward that goal. 392 00:45:49.224 --> 00:46:02.815 We are using some RGGI resources to support that goal. For example, we do have some work as I mentioned, focusing on residential, solar and energy storage. 393 00:46:03.534 --> 00:46:18.474 We are investing through RGGI funds and building the workforce and part of that workforce is around things like offshore wind. But really where we're leaning into that very important objective is through our Clean Energy Fund. 394 00:46:20.429 --> 00:46:32.670 In our Clean Energy Fund, we are supporting a range of technology developments. We are supporting long duration storage, which we believe will be critical to that objective. 395 00:46:32.670 --> 00:46:44.364 We are supporting the offshore wind research and development consortium. We are developing a hydrogen roadmap and working with a range of other partners on hydrogens. 396 00:46:44.364 --> 00:46:50.875 So it is certainly an absolutely critical goal in our overall portfolio 397 00:46:50.875 --> 00:47:04.195 and we are really driving progress on that through the Clean Energy Fund investments and and, and supporting it, I would say, sort of lightly with the, with the RGGI resources. 398 00:47:06.985 --> 00:47:09.625 Thank you very much. So 399 00:47:10.135 --> 00:47:12.144 moving on to our next question. 400 00:47:13.014 --> 00:47:16.824 The 19-20 operating plan amendment 401 00:47:16.855 --> 00:47:24.744 phased out the LIPA efficiency and RE by 2021. What changed to necessitate continued funding through 2025? 402 00:47:24.835 --> 00:47:28.284 Conor Bambrick. And John would you answer this 403 00:47:28.284 --> 00:47:28.585 please? 404 00:47:33.539 --> 00:47:48.329 Yeah, sure and thanks Conor. And we're and not to correct Joan, but it's LIPA, Long Island Power Authority. I can understand like, you are 100% every day on our energy acronyms. Thank you. Um. 405 00:47:50.155 --> 00:47:50.605 So, 406 00:47:50.815 --> 00:47:51.864 thanks, Conor. Again, 407 00:47:52.525 --> 00:47:52.824 you know, 408 00:47:52.824 --> 00:48:01.974 I think maybe that phase out was or that perceived phase out might have been a bit of a timing issue there and, 409 00:48:03.025 --> 00:48:03.324 you know, 410 00:48:03.324 --> 00:48:09.324 we do have these multi-year agreements with 411 00:48:09.355 --> 00:48:09.684 LIPA 412 00:48:10.824 --> 00:48:14.784 for funding to ensure that we have. 413 00:48:15.059 --> 00:48:28.585 Um, RGGI based clean energy activity occurring in Long Island and so we are working under currently a 3 year agreement with LIPA. 414 00:48:28.885 --> 00:48:40.195 That agreement would be for our calendar years 22, 23, 24 and so that's what the current operating plan is is reflecting. 415 00:48:40.224 --> 00:48:47.454 It's a little bit off of our fiscal year, which runs through, which runs from April through March. 416 00:48:50.010 --> 00:49:03.835 Um, and the LIPA agreement is is based on calendar year funding allocations. So we, we did enter an agreement with LIPA for the 3 years 22, 23, 24 417 00:49:03.864 --> 00:49:06.085 and that's what the current operating plan represents. 418 00:49:08.159 --> 00:49:11.670 Thank you John. 419 00:49:12.085 --> 00:49:24.025 The next question is, um, at least 35% of LIPA Efficiency and RE funds are required to benefit disadvantaged communities. 420 00:49:24.025 --> 00:49:31.255 Why is the estimated DAC benefit only 30%? Is LIPA meeting, uh, 421 00:49:34.170 --> 00:49:37.380 isn't LIPA meeting that obligation? 422 00:49:37.380 --> 00:49:45.630 Is LIPA meeting that obligation in other ways? And again, that's Conor. And Chris, I'm wondering if you could answer this? 423 00:49:49.585 --> 00:49:59.574 Yeah, Conor, so, so we expect that LIPA will be, you know, meeting the DAC investment requirements across the whole portfolio. 424 00:50:00.594 --> 00:50:11.755 You know, we're just estimating with respect to the RGGI transfer that we expect around 30% of those, those funds to, to benefit disadvantaged communities. 425 00:50:13.980 --> 00:50:19.230 Thank you Chris. 426 00:50:19.644 --> 00:50:21.144 Our next question is, 427 00:50:21.175 --> 00:50:21.744 um, 428 00:50:21.954 --> 00:50:22.434 the, 429 00:50:23.664 --> 00:50:24.114 CAC 430 00:50:24.144 --> 00:50:36.474 has pointed to building electrification as one of the hardest and most important directions and that approximately 1 Billion dollars per year will be needed to fund this for the DACs. 431 00:50:36.474 --> 00:50:46.824 Now, um, how has this priority been accounted for in RGGI allocation? And that is by Irene Webster. 432 00:50:48.329 --> 00:50:53.309 Weiser. And Janet, if he would mind taking that I would appreciate it. 433 00:50:53.755 --> 00:51:04.795 Sure, thank you, Joan, and thank you, Irene for that comment. So I will say this is an area where we are very heavily invested in the RGGI portfolio. 434 00:51:05.485 --> 00:51:11.545 Let me start first, with the new programs that I mentioned earlier. 435 00:51:11.755 --> 00:51:26.065 So, certainly the, the new construction single family challenge that we identified in one of the earlier slides, that will be focused solely on all electric, new housing. 436 00:51:26.184 --> 00:51:41.125 So that's a very critical part of our agenda we're building on. We're seeing on the order of 10,000, new single family homes a year in New York state. We have to move quickly to try to influence those new developments and ensure that they're highly energy efficient in all electric 437 00:51:41.125 --> 00:51:49.315 and this program will do that. The community heat pump systems, again, that is another way of advancing beneficial electrification. 438 00:51:49.315 --> 00:51:59.514 These will be largely geothermal based systems so they're also heat pump based systems. So that's a significant way we're contributing here. 439 00:51:59.514 --> 00:52:11.394 I mentioned that we are opening up our Empower Program to low and moderate income customers in municipal utilities, and we will be including not just energy efficiency, 440 00:52:11.394 --> 00:52:12.864 but electrification. 441 00:52:12.864 --> 00:52:16.525 Jason spoke of some workforce development, 442 00:52:16.525 --> 00:52:17.244 uh, 443 00:52:17.275 --> 00:52:29.815 additional funding that we will be doing and a good portion of that will be helping to build the HVAC industry that can indeed deliver these new electrification solutions. 444 00:52:30.989 --> 00:52:39.744 We expect the clean energy hubs will be very much all over the topic of cleaning up the, and reducing the carbon pollution from buildings. 445 00:52:40.014 --> 00:52:50.454 Now, I do also want to mention I didn't discuss it in the slides because these were, uh, programs we included in last year's RGGI operating plan, but quite noteworthy. 446 00:52:51.114 --> 00:52:57.534 We have two, very big partnerships, are very big initiatives that are focusing on building electrification and supported through RGGI. 447 00:52:57.775 --> 00:53:00.534 One of them is a clean green schools initiative, 448 00:53:00.715 --> 00:53:04.585 which is seeking to decarbonize schools across New York state, 449 00:53:04.585 --> 00:53:19.074 including with solutions like electrification. And another is a partnership with the New York City Housing Authority to decarbonize to demonstrate a number of building electrification 450 00:53:19.284 --> 00:53:27.175 solutions to put out a challenge to the industry to come up with heat pumps for apartment scale applications, 451 00:53:27.324 --> 00:53:35.155 and we will be moving forward with the purchase on the order of 20,000 of these units in 2021 and hopefully scaling from there. 452 00:53:35.155 --> 00:53:39.565 So this is indeed a very important part of the RGGI portfolio 453 00:53:41.579 --> 00:53:46.710 and an important part of our work at NYSERDA. Thank you, Janet. 454 00:53:46.710 --> 00:53:55.710 I have another question here, uh, will any of the Community Air Monitoring Program funds be used to supplement the 455 00:53:55.710 --> 00:54:05.280 Capacity Building grants coming out EPF? And that is Conor Bambrick. Jared would you mind taking that question? 456 00:54:05.844 --> 00:54:11.934 Uh, sure thing. And thank you for the question Conor. Really, 457 00:54:11.934 --> 00:54:26.755 the straight answer is is no. The capacity building grants will be funded out of EPF. We think that that an allocation of a 1 Million dollars for 10 communities is is is is probably more than adequate for that purpose. 458 00:54:26.784 --> 00:54:38.965 And the funding that we talked about today from that's being funded out of the RGGI operating plan will pay for the, the monitoring itself. 459 00:54:40.679 --> 00:54:55.619 Thank you, Jared. I have another question here. Has there been any consideration of applying Charge New York funds, or other funds, to support the secondary EV market? Again, Conor Bambrick. 460 00:54:55.619 --> 00:55:01.494 And Adam, would you mind taking that? Sure. Thanks. Conor. 461 00:55:01.824 --> 00:55:03.505 So good question. 462 00:55:04.525 --> 00:55:04.974 You know, 463 00:55:05.425 --> 00:55:11.425 we are. One of the things that we are looking at with drive clean rebate as we, 464 00:55:11.454 --> 00:55:17.184 as we look to update the program and use some of these additional funds is 465 00:55:17.184 --> 00:55:20.364 how do we increase our, 466 00:55:21.295 --> 00:55:26.125 our impact in disadvantaged communities and low moderate income 467 00:55:26.400 --> 00:55:33.119 Uh, vehicle purchasers. We are, we are looking at what we can do 468 00:55:33.119 --> 00:55:47.275 to to increase incentives for, or target target the incentives more toward buyers, including looking at used EVs and the used EVs market. 469 00:55:47.335 --> 00:55:53.184 So that is something that we are looking at and hoping to do as we, as we start spending some of this 470 00:55:53.670 --> 00:55:58.530 funding. Thank you very much, Adam. 471 00:55:58.530 --> 00:56:08.519 So those are the questions that I have at this point, I'm going to wait a few minutes to see if someone else has another question or 472 00:56:08.519 --> 00:56:18.719 don't forget if you have a comment, please put it also in this Q and A function. Your comment will be accepted as written comment. 473 00:56:18.719 --> 00:56:22.590 So 474 00:56:22.590 --> 00:56:29.579 while we're waiting, um, I just would like to thank, um 475 00:56:29.579 --> 00:56:42.059 everyone for participating in this stakeholder, um, discussion. And I'm not seeing any more questions coming in. I'm wondering if we could have the next slide please. 476 00:56:42.059 --> 00:56:45.480 You could go on to next steps. So 477 00:56:45.480 --> 00:56:58.980 what we would like you to do is submit your written comments to the rggiprograms@nyserda.ny.gov by close of business January 5th, 2022. 478 00:56:58.980 --> 00:57:09.659 And the operating plan amendment will be provided to NYSERDA's Board of Directors for consideration at the January 25th, 2022 meeting. 479 00:57:10.800 --> 00:57:22.380 Uh, with that, um, I just wanted to thank all of the presenters today. Uh, the panelists who answered the questions, and especially the stakeholders who participated, 480 00:57:22.380 --> 00:57:26.280 asked questions and are providing comments. 481 00:57:26.280 --> 00:57:29.489 On behalf of DEC and NYSERDA staff, have a 482 00:57:29.489 --> 00:57:33.059 safe happy holiday season. 483 00:57:33.059 --> 00:57:37.139 Thank you.