NY Governor Proposes Green Bank, EV Charging Network

Charge New York program would invest in an electric car network aimed at reducing reliance on fossil fuels.

Published: 16-Jan-2013

New York Gov. Andrew Cuomo has proposed creating a green bank to spur private investment in the clean economy. He also called for a state-wide electric car network and an extension to the state’s solar program.

Cuomo briefly described these plans and named Richard Kauffman to a cabinet-level energy czar position during his 2013 State of the State address. Kauffman, who most recently worked as a senior adviser to the US secretary of energy Steven Chu, will coordinate the state’s cleantech agenda and oversee the government’s energy portfolio, according to information released by the governor’s office.

One of Kauffman’s primary responsibilities will be to establish the NY Green Bank, a fund with $1 billion in initial capital, which will be used to leverage public dollars with private sector matched money, Cuomo said.

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