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New York moves to launch 'Green Bank' for clean energy projects

2013-09-11 00:23:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: New York Governor Andrew Cuomo took a first step toward launching a $1 billion "Green Bank," asking state utility regulators to release the first $165.6 million to the bank to attract private lenders for clean energy projects, his office said on Tuesday. The initial amount of money would come from unallocated funds from surcharges in utility bills that the state already collects for energy-efficiency programs. "We will leverage public dollars to attract private sector investment into building...

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