New consumer rebates can incentivize the purchase and installation of key household electric appliances over their fossil-fuel counterparts and help put the country on a path to fully electrifying its housing stock.
New York launches $10m carbontech development initiative
The economic opportunity of expanding the carbontech market to industries not yet served by it, including building materials and consumer products, is estimated to be worth $1tn in the US and $6tn globally
Image: Shutterstock
New York Governor Andrew M. Cuomo has announced a $10 million (£7.3m) initiative to establish the state as a “world class hub” of carbon-to-value research, technology transfer and commercialisation.
The Carbontech Development Initiative is seeking proposals from organisations to design and operate the new entity, which will build out programming, secure sources of private and public funding and award grants to advance technologies that capture existing carbon or lower carbon emissions and transform it into useful products.
Image: Shutterstock
New York Governor Andrew M. Cuomo has announced the launch of a new large-scale procurement programme that is expected to help retain the state’s existing renewable energy resources.
Called Competitive Tier 2, the renewable energy procurement initiative will promote lower statewide carbon emissions as well as support New York’s economic recovery by increasing competition and reducing energy costs.
The New York State Research and Development Authority (NYSERDA) will administer the programme to ensure the state’s existing baseline renewable energy generation is retained through three annual solicitations, in parallel with other NYSERDA programmes for new large-scale onshore and offshore wind projects.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Venture for ClimateTech Opens Application Period to Help Innovators Get Climate Tech Ideas Off .
Nextcorps, Inc.January 14, 2021 GMT
NEW YORK, Jan. 14, 2021 (GLOBE NEWSWIRE) Venture For ClimateTech has begun accepting applications for its first cohort. Venture for ClimateTech is a new global non-profit venture studio + accelerator providing innovators with the non-dilutive funding they need to de-risk their opportunity, as well as the tools, training, and talent to begin building and launching a company around their impactful climate tech solution. Participation in the free six-month program