Overview
The Partnership for New York City and global consulting firm West Monroe released a guide to help New York secure federal funding for clean energy infrastructure. This funding is vital to the city and state’s transition from fossil fuels to renewable energy.
As early as April, and continuing throughout this year, the U.S. Department of Energy and other federal agencies will be accepting applications from cities, states and utilities for a share of $65 billion to support clean energy projects made available through the Infrastructure Investment & Jobs Act (IIJA). This report calls for a coordinated effort between government, utilities, labor, environmental advocates and communities to identify priorities, establish performance goals and craft compelling grant proposals with broad support to secure funding. In all cases, projects should be designed to improve public health, increase resiliency, and achieve social equity.
Funding Opportunities
New York has the country’s most ambitious climate and clean energy targets under Local Law 97 (OneNYC 2050) and the state’s Climate Leadership and Community Protection Act. Many plans and projects are already underway that align with federal funding requirements.
- Construction of the transmission and distribution systems necessary to accommodate offshore wind power generation.
- Conversion of natural gas and steam facilities to accommodate the transition to hydrogen as a renewable source of energy.
- Retrofit of buildings to meet the carbon reduction targets and accommodate solar panels or green roofs.
- Electrification of the city’s public transportation and port infrastructure.