New York Rejects $12 Billion in Subsidies for Renewable Energy Projects
- New York officials denied additional subsidies for 90 renewable energy projects, jeopardizing the state's green energy goals.
- Developers cited rising costs and supply chain issues as reasons for requesting $12 billion more in subsidies.
- Supporters and critics debated whether ratepayers or other funding sources should cover the higher costs.
- Without the extra subsidies, many renewable projects now risk cancellation or significantly increased costs.
- The decision comes as New York aims to cut its fossil fuel dependence and shift to renewable energy.
Reuters 
