The New York State Energy Research and Development Authority (NYSERDA) announced $10 million is available under the fourth round of the Carbon Neutral Community Economic Development Program as part of Round XII of Governor Kathy Hochul's Regional Economic Development Council initiative announced May 2nd. Projects funded through this program are accelerating decarbonization and economic development in disadvantaged communities. Today's announcement supports Governor Hochul's ambitious goal to reduce greenhouse gas emissions 85 percent by 2050 and ensure that clean energy investments benefit disadvantaged communities across the state.
Doreen Harris, President and CEO, NYSERDA said, "NYSERDA is looking forward to seeing more great project proposals that have the potential to revitalize their communities while advancing energy efficiency, electrification, and the incorporation of on-site renewable energy. With each round of funding, we are reducing climate change-causing building emissions in support of achieving a carbon-neutral building stock by mid-century as well as bringing job opportunities to under-resourced communities."
The Carbon Neutral Community Economic Development program is administered by NYSERDA in partnership with Empire State Development (ESD) and the New York State Department of State's Downtown Revitalization Initiative, and it provides incentives with focused support for projects located in Disadvantaged Communities and Downtown Revitalization Initiative districts, as well as commercial and mixed-use facilities that are regionally significant, to reduce emissions and improve quality of life for residents and visitors. In addition, NYSERDA prioritizes investments in decarbonization projects that result in jobs that provide family-sustaining wages and benefits, helping to support the transition to a clean energy economy. The deadline for applications is Friday, July 29, 2022 at 4:00 p.m. Interested proposers can find more information or apply to this program here .
The fourth round of the Carbon Neutral Community Economic Development program includes three categories, with a new Category C, in which funding is available:
The program has 35 active projects that have been awarded $40 million in incentives since it was launched in 2018. Eight of the 19 projects announced last year are located in Disadvantaged Communities, and received $8.4 million of the $21 million awarded which is consistent the state's goal of 40 percent of clean energy investments benefitting disadvantaged communities.
Buildings account for more than a third of greenhouse gas emissions in New York State, and most of the State's current building stock was constructed before energy codes were passed and were, therefore, not constructed to be energy efficient. Decarbonized buildings and communities will help improve building resiliency, occupant health and productivity.
The 2022 funding round for the Carbon Neutral Economic Development program is part of the State Consolidated Funding Application (CFA) enabling businesses, municipalities, not-for-profits and the public to apply for assistance through a single application from dozens of state programs for job-creation and community development projects.
Funding is available through the State's 10-year, $6 billion Clean Energy Fund and through the Regional Greenhouse Gas Initiative (RGGI).