The city is set to invest an additional $2bn in utility energy efficiency and electrification initiatives
In order to reduce energy consumption in the state and to combat climate change, the New York Government will invest in energy efficiency and clean heat initiatives from 2020 to 2025.
Andrew Cuomo, the New York Governor, said: “This historic investment shows we are aggressively pursuing clean energy alternatives to reduce our reliance on fossil fuels, growing jobs in clean energy industries and protecting our environment for current and future generations.”
According to the forecasts, the new investments will lead a 3% reduction in annual electric use and a 1.3% reduction in annual gas use by 2025. Also carbon emissions will decrease by three million tonnes.
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