Ida forces city to confront climate change infrastructure
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Watchdog: Public needs info on state s climate goals | Top Stories
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Watchdog: Public needs info on state s climate goals | State News
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Scott Stringer has long championed green initiatives and used his positions as city comptroller to begin divesting the city’s pension fund system from the fossil fuel industry. Candidate Stringer promises to overhaul the New York City Housing Authiority buildings under the guidelines of Rep. Alexandra Ocasio Cortez’s “Green New Deal”, a federal proposal that projects outlays of $180 billion over 10 years to retrofit green infrastructure for public housing.
Both progressive green energy policies have drawn attention for the high cost of their planned public investments.
“Does all of that pay for itself immediately? No,” said Gernot Wagner, a climate economist at New York University. “On a broader scale it is about incentivizing for precisely this kind of transition to happen and to happen much sooner than it already would.”