2021 New York Laws
ENV - Environmental Conservation
Article 75 - Climate Change
75-0113 - Value of Carbon.

§ 75-0113. Value of carbon.
1.  No  later  than one year after the effective date of this article,
  the department, in consultation with the New York state energy  research
  and  development  authority, shall establish a social cost of carbon for
  use by state agencies, expressed in terms of dollars per ton  of  carbon
  dioxide equivalent.
2. The social cost of carbon shall serve as a monetary estimate of the
  value  of  not emitting a ton of greenhouse gas emissions. As determined
  by the department, the social cost of carbon may be  based  on  marginal
  greenhouse gas abatement costs or on the global economic, environmental,
  and  social  impacts  of  emitting  a  marginal  ton  of  greenhouse gas
  emissions into the atmosphere, utilizing a range of appropriate discount
  rates, including a rate of zero.
3. In developing the social  cost  of  carbon,  the  department  shall
  consider prior or existing estimates of the social cost of carbon issued
  or  adopted by the federal government, appropriate international bodies,
  or other appropriate and reputable scientific organizations.