In a push for co-ops and condominiums, the state budget supports wind farms

For New York City Co-op and condominium boards struggle to cut their buildings carbon emissions enough to meet the strict requirements Climate Mobilization Act, the state’s $220 billion budget for 2022-23 contains some welcome news. Crain reports that the budget primarily includes a record-breaking investment in renewable energy and in trying to protect the environment from climate change.

For co-op and condo boards trying to wean themselves off of it fossil fuels, an important alternative will be electricity from renewable sources, including solar, geothermal, hydroelectric and wind. The state budget includes 500 million dollars Investing in the offshore area of ​​the state wind supply chains and port infrastructure.

Julie TighePresident of New York League of Conservation voters, called the funding a “big win” for the state’s green economy. “Building out that supply chain infrastructure is critical,” she said, “and a big commitment from New York State is really needed to show manufacturers we’re serious about wind.”

In February, the groundbreaking ceremony for his first offshore wind farm took place in New York. Southfork windwhich was jointly developed by Ørsted and Eversource Long Island is one of five offshore wind projects in New York that are in active development – the most of any state in the country. These combined projects are expected to generate more than 4,300 megawatts of electricity and power 2.4 million New York homes. By 2035, the state wants to generate around 9,000 megawatts of electricity 30% of the country’s electricity needs. For co-ops and condominiums looking to reduce their buildings’ carbon emissions, this ‘green’ electricity can be used to power heat pumps and convection ovens, eliminating the need for gas-fired boilers and appliances.

Another core part of the state’s vision for a greener future is the $4.2 billion Clean Water, Clean Air and Green Jobs Environmental Bond Act of 2022 for New Yorkers to vote on in November. If approved by voters, the state will issue bonds that fund capital projects to reduce the impact of the climate crisis, including resilient infrastructure, improving water quality and restoring habitats.

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