By Blake Jackson
Governor Kathy Hochul has announced a historic $1 billion climate investment as part of her 2025 State of the State address, marking the largest climate-focused allocation in New York's history.
This ambitious plan aims to drive job creation, lower household energy bills, and reduce pollution, all while advancing the state’s transition to renewable energy.
“Today, we take a monumental step towards a greener, more affordable future for New York State,” Governor Hochul said.
“This historic $1 billion climate investment is not just a commitment to sustainable energy, it is a commitment to New Yorkers creating thousands of jobs, cutting energy costs, and reducing harmful pollution. Together we are driving forward with innovative technologies to achieve our decarbonization goals while ensuring economic growth.”
As 2024 stands as the hottest year on record, the Governor’s proposal addresses climate change as both an environmental necessity and a major economic opportunity.
It includes initiatives for clean transportation, renewable energy, and decarbonization technologies, alongside investment in state agencies and colleges to meet future sustainability needs.
The $1 billion investment will support various sectors across New York, including retrofitting homes with heat pumps, building thermal energy networks at SUNY campuses, and expanding green transportation options statewide.
The Department of Environmental Conservation (DEC) and the New York State Energy Research and Development Authority (NYSERDA) will also continue advancing the state's cap-and-invest program, which will gather emissions data to inform climate actions.
Public energy contracts will aim for 100% renewable energy for state agencies by 2030, creating 9,000 union jobs and reducing emissions.
The Governor is also pushing forward with a Master Plan for Responsible Advanced Nuclear Development, as well as a multi-state initiative on advanced nuclear energy with federal support.
Governor Hochul’s investment plan extends to SUNY and CUNY campuses, where electrification and renewable energy technologies will help decarbonize operations and create healthier, sustainable environments.
“Governor Hochul has remained resolute in her commitment to New York’s clean energy transition and this significant climate investment demonstrates how she continues to put New Yorkers first to ensure that we all benefit from a more sustainable future," said New York State Energy Research and Development Authority President and CEO Doreen M. Harris
Photo Credit: istock-simplycreativephotography
Categories: New York, Energy, Government & Policy