skip to main content
skip to newscasts

Friday, March 29, 2024

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

The latest on the Key Bridge collapse, New York puts forth legislation to get clean energy projects on the grid and Wisconsin and other states join a federal summer food program to help feed kids across the country.

view newscast page
play newscast audioPlay

Republicans float conspiracy theories on the collapse of Baltimore's Key Bridge, South Carolina's congressional elections will use a map ruled unconstitutional, and the Senate schedules an impeachment trial for Homeland Secretary Mayorkas.

view newscast page
play newscast audioPlay

Historic wildfires could create housing and health issues for rural Texans, a Kentucky program helps prison parolees start a new life, and descendants of Nicodemus, Kansas celebrate the Black settlers who journeyed across the 1870s plains seeking self-governance.

NY Joins Global Green Bank Network

play audio
Play

Tuesday, December 8, 2015   

ALBANY, N.Y. - The New York Green Bank will be joined by five others around the world in forming the first global Green Bank Network.

Announced Monday at the U.N. Climate Conference in Paris, the International collaboration will help channel billions of dollars of public and private investment into clean-energy markets. Douglas Sims, director of strategy and finance at the Natural Resources Defense Council, said the goal is to help direct more private capital into clean-energy projects, "partnering with private-sector banks and investors to demonstrate that clean-energy projects could be profitable, successful investments."

Formed in late 2013, he said New York Green Bank financing is helping create thousands of jobs while reducing greenhouse-gas emissions in the state by up to 886,000 metric tons.

The first green banks were established four years ago in the United Kingdom and Connecticut. According to Sims, the global network will help spread the lessons learned by early ventures.

"It stops each new green bank from having to reinvent the wheel,-" he said, "both in terms of its approach to different kinds of technologies and transaction structures, but also even things like how do you set up a green bank and how is it managed?"

The network also includes green banks in Japan, Malaysia and Australia.

The Natural Resources Defense Council and the Coalition for Green Capital were appointed to form the network. To achieve the climate goals, reduce pollution and create jobs, Sims said, they're using what they call an open-source basis.

"That means encouraging as much collaboration between the public and private-sector participants as possible to make sure that we get as much investment as possible," he said.

The network's six founding banks are expected to deploy more than $40 billion of investment into global clean-energy and energy-efficiency projects over the next five years.

More information is online at greenbankny.gov.


get more stories like this via email

more stories
The U.S. Supreme Court heard arguments this week about the popular abortion pill Mifepristone and will weigh in on whether the U.S. Food and Drug Administration was correct in how it can be dosed and prescribed. (Ascannio/Adobe Stock)

Health and Wellness

play sound

Missouri residents are worried about future access to birth control. The latest survey from The Right Time, an initiative based in Missouri…


Social Issues

play sound

Wisconsin children from low-income families are now on track to get nutritious foods over the summer. Federal officials have approved the Badger …

Social Issues

play sound

Almost 2,900 people are unsheltered on any given night in the Beehive State. Gov. Spencer Cox is celebrating signing nine bills he says are geared …


The U.S. teaching workforce remains primarily white while the percentage of Black teachers has declined. However, the percentage of Asian and Latinx teachers is rising.(WavebreakMediaMicro/Adobestock)

Social Issues

play sound

Education advocates are calling on lawmakers to increase funding for programs to combat the teacher shortage. Around 37% of schools nationwide …

Environment

play sound

New York's Legislature is considering a bill to get clean-energy projects connected to the grid faster. It's called the RAPID Act, for "Renewable …

Social Issues

play sound

Earlier this month, a new Arizona Public Service rate hike went into effect and one senior advocacy group said those on a fixed income may struggle …

Social Issues

play sound

Michigan recently implemented a significant juvenile justice reform package following recommendations from a task force made up of prosecutors…

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright © 2021