Alliance members are working to achieve the Paris Agreement’s goal of keeping temperature increases below 1.5 degrees Celsius by reducing emissions, accelerating action, centering equity, and tracking progress. 

Explore New York's policies and actions across the Alliance's 10 key policy areas. Numbers presented below only reflect the number of policies in this database and thus may not reflect all climate policies pursued.

new_york

GHG Targets + Governance

Just Transition + Equity

Industry

Pricing Carbon + Valuing Damages

Electricity Generation

Transportation

Resilience

Natural + Working Lands

Climate Finance

Buildings

total

10-Point Renewable Energy Action Plan

Governor Hochul announced the release of a new 10-Point Action Plan to expand and support the growing large-scale renewable energy industry in New York, reaffirming the State’s commitment to achieving the Climate Act goals. The plan outlines a comprehensive set of actions being taken to lay the foundation for a sustainable future for all New Yorkers through the expansion of the State’s growing clean energy economy and renewable energy sector.

Order Establishing New York Green Bank and Providing Initial Capitalization

To help stores make the transition to climate-friendly refrigerants, DEC will work with a not-for-profit program administrator to provide grants using Bond Act funds for capital projects that replace existing HFC refrigeration equipment with equipment that uses natural refrigerants with ultra-low or zero GWP. Replacing HFC equipment now will help businesses avoid rising HFC refrigerant costs and continue to serve their communities while significantly reducing greenhouse gas emissions.  

 Eligible projects include: 

- Projects to replace full or partial refrigeration systems that use HFCs with refrigeration products or systems that contain natural refrigerants (natural refrigerants include carbon dioxide, ammonia, and propane). 
- Projects will be located at facility types including but not limited to existing food retail stores, food banks, food hubs, or other facilities that serve food security purposes. -- Eligible project costs include HFC refrigerant system replacements, which may include planning and design, equipment purchase, and installation. Projects that host free workforce training events related to the operation and maintenance of the new equipment will be prioritized for funding.

Food Security and Refrigeration Grant Program

Grid of the Future Study

Governor Kathy Hochul announced that the New York State Public Service Commission has instituted a proceeding first detailed in her 2024 State of the State to transition New York to a more connected, affordable, resilient, and clean electric grid. During the proceeding, Public Service Commission staff will engage with stakeholders to develop a comprehensive New York Grid of the Future plan that establishes targets for the deployment of flexible resources such as virtual power plants and identifies the utility investments needed to enable the grid of the future.  

The proceeding will begin with the development of a grid flexibility study, where Public Service Commission (PSC) staff will estimate the current and future potential capabilities of flexible resources across New York’s electric grid. The study will also identify near-term actions likely to increase the deployment and use of flexible resources and the improved integration of flexible resources into grid planning and grid operations. Upon completion of the study, PSC staff will finalize the inaugural New York Grid of the Future Plan, which must be filed by December 31, 2024.

NY Green Bank Impact Report for the fiscal year ended March 31, 2023

2022-23 was another milestone year for NY Green Bank. In this report you will read about our accomplishments from the recent fiscal year and our strategic focus for the year ahead. Through innovative transactions and first-of-their kind initiatives, we have continued to support the evolution of capital markets. Justice and equity have also been placed at the center of our work, ensuring all New Yorkers benefit from the clean energy transition.

You will notice that this year’s Impact Report is a special addition, as it also highlights a decade of impact in clean energy and sustainable infrastructure financing in celebration of our 10-year anniversary.

NY Green Bank is pleased to provide access to low-cost capital through our $250 million Community Decarbonization Fund (CDF) and encourages Community Development Financial Institutions (CDFIs) and other specialty lenders to apply for this highly concessionary funding. The CDF aims to expand and accelerate the lending capacity of smaller community-based and mission-driven investors by channeling financing into sustainable infrastructure projects that benefit historically disadvantaged communities (DACs).

The fund gives applicants significant flexibility in the form of a 12-year loan to work with community owners and climate advocates to identify funding opportunities that meet greenhouse gas reduction goals. The CDF is also designed with flexible sizing parameters. Financing will be available at a minimum of $2 million to a maximum of the lesser of (i) $25 million or (ii) 20% of an eligible applicant’s total capitalization.