Establishes a carbon dioxide emissions price for electric generation from carbon-based fuel; creates a carbon dioxide emissions fund.

New York A01224 amends the environmental conservation law and the tax law to establish a carbon dioxide emissions price for electric generation from carbon-based fuel. The Department of Environmental Conservation will determine and establish this price, which will be based on the social cost of carbon. The bill also creates a carbon dioxide emissions fund, managed by the Department of Environmental Conservation's Office of Climate Change.

Establishes a carbon dioxide emissions price for electric generation from carbon-based fuel; creates a carbon dioxide emissions fund.

New York A01224 amends the environmental conservation law and the tax law to establish a carbon dioxide emissions price for electric generation from carbon-based fuel. The Department of Environmental Conservation will determine and establish this price, which will be based on the social cost of carbon. The bill also creates a carbon dioxide emissions fund, managed by the Department of Environmental Conservation's Office of Climate Change.