N.Y. Comp. Codes R. & Regs. tit. 21 § 510.4

Current through Register Vol. 46, No. 45, November 2, 2024

Section 510.4 - Societal Effects

(a) Societal Effects Defined. Societal effects will include the value of avoided GHG emissions resulting from changes in electricity and fuel consumption.

(b) Estimating the value of avoided GHG emissions. Avoided GHG emissions will be calculated by multiplying the incremental annual building electricity and fuel consumption determined in accordance with section 510.3(b) of this Part by the corresponding GHG emissions factors.

(1) Emissions Factors. Emissions factors from the following reports published by NYSERDA detailing emissions factors for grid electricity, Projected Emission Factors for New York State Grid Electricity, as incorporated by reference in section 510.7 of this Part, and Fossil and Biogenic Fuel Greenhouse Gas Emission Factors, as incorporated by reference in section 510.7 of this Part will be applied.

(2) Monetary Value. The monetary value associated with avoided GHG emissions will be calculated using central values at the 2% discount rate following the New York State Department of Environmental Conservation (DEC) published guidance, Establishing a Value of Carbon, Guidelines for Use by State Agencies, as incorporated by reference in section 510.7 of this Part. Central values are discounted to the emissions year. Discounting from the emissions year to present will use a 2% discount rate.

N.Y. Comp. Codes R. & Regs. Tit. 21 § 510.4

Adopted New York State Register June 18, 2024/Volume XLVI, Issue 25, eff. 6/18/2024