New York Governor Cuomo Pledges $5 Billion for Clean Energy Fund
- Plan will help attract $29 billion in private sector funding
- New York seeking to get half its electricty from clean sources
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New York will invest $5 billion in clean energy over a decade under a plan Governor Andrew Cuomo announced on Thursday.
The funding approved by the New York State Public Service Commission will help attract as much as $29 billion in additional private sector financing, according to a statement. Consumers already pay a surcharge for clean energy investment, and that will decrease as part of the new commitment, according to the New York State Energy Research and Development Authority, which will administer the fund.