How NY is Investing in Climate Action

By path2positive

Elected officials and climate leaders in New York just took a major step in committing to climate solutions. Their plan: to invest $5 billion into the clean and renewable energy sectors over the next ten years. In a move spearheaded by the state’s governor, Andrew Cuomo, and approved by the Public Service Commission, the funding is expected to bring the state up to $29 billion in additional private sector financing.

The surge in funding will target investments in wind and solar power infrastructure, redoubling efforts to improve energy efficiency, and will modernize the state’s electricity grid. The climate action plan will help drive down New York's green house gas emissions, helping the State to accrue half its energy from renewables by 2030.

New York is showing that through strong political leadership, meaningful climate action is possible. With a $5 billion dollar investment, city officials will bring in exponential private sector financing and funding—multiplying the climate impacts. Equally important will be the many benefits to residents throughout the state. Cleaner energy production and reduced emissions can drive down electricity bills, create healthier communities for families, and provide new stable, high paying jobs.

Begin to advance climate solutions in your city by connecting with strong leaders, and through accessing valuable resources. Join Path to Positive Communities today!


New York Governor Cuomo Pledges $5 Billion for Clean Energy Fund

By Chris Martin | Bloomberg Business | January 21, 2016

New York will invest $5 billion in clean energy over a decade under a plan Governor Andrew Cuomo announced on Thursday.

The funding approved by the New York State Public Service Commission will help attract as much as $29 billion in additional private sector financing, according to a statement. Consumers already pay a surcharge for clean energy investment, and that will decrease as part of the new commitment, according to the New York State Energy Research and Development Authority, which will administer the fund.

Read More

Subscribe

Stay connected and get updates from Path to Positive.

Subscribe

You May Also Like

November 27, 2023

From time to time, I get asked: what’s the most important thing I can do to address climate change? I always answer with two suggestions:...

Read More

November 1, 2023

You might have heard climate advocates sing the praises of heat pumps. They’re incredibly efficient climate-friendly devices that can keep your home cool in the...

Read More

October 2, 2023

In a historic moment, today 31 US denominations and faith organizations have joined together to launch One Home One Future, a multi-faith campaign to strengthen vitality,...

Read More
positive-white

 

Path to Positive is a program of ecoAmerica

 

© ecoAmerica 2006 – 2022 The contents of this website may be shared and used under a Creative Commons Attribution Non-Commercial No Derivatives 4.0 International License.