• $1 billion state investment aims to create 9,000 union jobs and reduce energy costs.
• Public sector decarbonization targets 100% renewable energy for state agencies by 2030.
• Advanced nuclear plan explores clean energy innovation at Oswego’s Nine Mile Point.

New York is making its largest-ever climate investment. Governor Kathy Hochul announced a $1 billion plan designed to combat climate change, create thousands of jobs, reduce energy costs, and lower pollution statewide. The proposal, unveiled as part of the 2025 State of the State, reaffirms New York’s commitment to renewable energy, green transportation, and decarbonization initiatives.

“This historic $1 billion climate investment is not just a commitment to sustainable energy, it is a commitment to New Yorkers — creating thousands of jobs, cutting energy costs, and reducing harmful pollution,” Hochul said.

Decarbonization and Economic Growth The plan spans multiple sectors:

• Home upgrades: Incentives for retrofitting homes and heat pump installations.
• Public infrastructure: Sustainable energy networks, including thermal energy upgrades at SUNY campuses.
• Green transportation: Expanded support for clean transit and decarbonization for businesses.

NYSERDA President Doreen M. Harris emphasized the importance of advancing the Cap-and-Invest program and nuclear exploration: “This significant climate investment demonstrates how [Governor Hochul] continues to put New Yorkers first to ensure that we all benefit from a more sustainable future.”

Public Power and Clean Energy Jobs State agencies, in partnership with the New York Power Authority, will enter contracts targeting 100% renewable energy for state operations by 2030. This initiative will add at least 500 megawatts of renewable energy capacity, creating 9,000 clean energy union jobs.

Nuclear Energy Roadmap The proposal introduces a Master Plan for Advanced Nuclear Development in New York, supported by NYSERDA’s recent “Blueprint for Consideration of Advanced Nuclear Energy Technologies.” Collaborative efforts with the U.S. Department of Energy aim to secure federal funding for potential reactor projects at Nine Mile Point.

Related Article: Climate Investment Funds Raises $500 Million in Debut Bond for Clean Energy Transition

Higher Education and Sustainability:

SUNY and CUNY campuses will play a critical role in the state’s climate goals. Investments from the Environmental Bond Act will fund campus electrification and renewable energy integration.

SUNY Chancellor John B. King Jr. highlighted the significance of these changes: “From electric vehicle chargers to on-site renewable power generation, Governor Hochul’s plan will both lessen our energy usage and our reliance on fossil fuels.” CUNY Chancellor Félix V. Matos Rodríguez added that campus upgrades would foster healthier learning environments and benefit surrounding communities.

Engagement and Regulation The Department of Environmental Conservation (DEC) and NYSERDA will refine regulations to enhance transparency and public input. Interim DEC Commissioner Sean Mahar stated, “Supporting climate action, clean energy, and a greener economy will significantly strengthen environmental protections and create good-paying jobs.”

With 2024 marking the hottest year on record, Hochul’s comprehensive approach aims to balance climate progress with economic opportunity, ensuring affordability for households and businesses across New York.

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