Climate Finance | January 6, 2018

New York’s clean-energy future

The team at


“Mother Nature has tested us, it seems, time and time and time again.” That was New York’s Governor Andrew Cuomo in his eighth State of the State address.

Cuomo outlined his vision for a greener future in the 2018 Clean Energy Jobs and Climate Agenda. “The future of the economy and the future of our children is all in clean technology and we should put our money where our mouth is,” Cuomo said.

The call for action includes:

  • Generating 50% of the state’s electricity needs from renewable energy sources by 2030;
  • A $200 million investment in new energy storage capacity by 2025 to support clean energy adoption;
  • Proposals for 800 megawatts of new offshore wind projects in the next two years;
  • No new fossil-fuel investments from the state’s $200 billion New York State Common Retirement Fund;
  • Expanding community solar to 10,000 low-income New Yorkers.

In his address, Cuomo also called for more work on sexual harassment, gender inequality, criminal justice, minority- and women-owned businesses, youth employment; and homelessness and addiction in New York. Oh, and meatballs.