Enacts the "power plant zero carbon emissions act of 2023"; requires that existing fossil fuel-fired electric generating facilities must demonstrate that they will achieve zero greenhouse gas emissions by 2040.
Establishes a tax credit for farmers who maximize carbon sequestration potential through a "carbon farming" land management strategy; directs DEC to develop regulations related to certifying the amount of carbon sequestered or emissions reduced.
Establishes a tax credit for farmers who maximize carbon sequestration potential through a "carbon farming" land management strategy; directs DEC to develop regulations related to certifying the amount of carbon sequestered or emissions reduced.