NY Green Bank accelerates climate financing in record-setting quarters

Smart Energy | Nov 18, 2020 at 2:19 AM
  • NY Green Bank has released its Quarterly Metrics Report in which the institution has announced record-setting second and third quarters in 2020, helping the state to rebuild its economy from COVID-19 whilst addressing climate change.
  • The bank executed 16 clean energy and sustainable infrastructure transactions representing $165.9 million in new investments in the second and third quarters.
  • Projects supported by NY Green Bank’s investments to date are expected to reduce between 11.6 and 21.7 million metric tons of greenhouse gas emissions for all New Yorkers, equivalent to removing more than 200,000 cars off the road for 24 years.