{"id":2962,"date":"2013-01-10T12:01:20","date_gmt":"2013-01-10T17:01:20","guid":{"rendered":"http:\/\/therationalprogressive.com\/cms\/?p=2962"},"modified":"2013-01-10T12:01:20","modified_gmt":"2013-01-10T17:01:20","slug":"new-york-governor-announces-1-billion-green-bank-and-1-5-billion-solar-program","status":"publish","type":"post","link":"http:\/\/therationalprogressive.com\/cms\/2013\/01\/new-york-governor-announces-1-billion-green-bank-and-1-5-billion-solar-program\/","title":{"rendered":"New York Governor Announces $1 Billion Green Bank And $1.5 Billion Solar Program"},"content":{"rendered":"<p><a href=\"http:\/\/therationalprogressive.com\/cms\/2013\/01\/new-york-governor-announces-1-billion-green-bank-and-1-5-billion-solar-program\/green_energy\/\" rel=\"attachment wp-att-2963\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-full wp-image-2963\" alt=\"green_energy\" src=\"http:\/\/therationalprogressive.com\/cms\/wp-content\/uploads\/2013\/01\/green_energy.jpg\" width=\"262\" height=\"234\" srcset=\"http:\/\/therationalprogressive.com\/cms\/wp-content\/uploads\/2013\/01\/green_energy.jpg 262w, http:\/\/therationalprogressive.com\/cms\/wp-content\/uploads\/2013\/01\/green_energy-150x133.jpg 150w\" sizes=\"(max-width: 262px) 100vw, 262px\" \/><\/a><\/p>\n<p>In his State of the State address yesterday, Cuomo outlined plans for a new billion-dollar\u00a0 \u201cgreen bank\u201d to leverage private funds for deploying clean energy technologies, announced a 10-year expansion of the state\u2019s solar program by increasing funds $150 million per year, and named a new cleantech czar to oversee the efforts. The cumulative impact could be a massive expansion of renewables and efficiency in New York.<\/p>\n<p>Here\u2019s what the Governor had to say about the Green Bank:<\/p>\n<blockquote><p>The NY Green Bank leverages private capital in a fashion that mitigates investment risk, catalyzes market\u00a0activity and lowers borrowing costs, in turn bringing down the prices paid by consumers. Through the use of\u00a0bonding, loans and various credit enhancements (e.g.,loan loss reserves and guarantees), a Green Bank is a fiscally practical option in a time of severe budget\u00a0conditions. Many public credit and investment\u00a0programs require only a small amount of government\u00a0funds, even holding taxpayers harmless or acting asmoney makers. And along with these benefits, the long-term public and social benefits of a robust and clean economy are virtually incalculable.<\/p><\/blockquote>\n<p><strong>MORE:\u00a0<\/strong> <a href=\"http:\/\/thinkprogress.org\/climate\/2013\/01\/10\/1427801\/new-york-governor-announces-1-billion-green-bank-and-15-billion-solar-program\/\" target=\"_blank\">New York Governor Announces $1 Billion Green Bank And $1.5 Billion Solar Program | ThinkProgress<\/a>.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In his State of the State address yesterday, Cuomo outlined plans for a new billion-dollar\u00a0 \u201cgreen bank\u201d to leverage private funds for deploying clean energy technologies, announced a 10-year expansion of the state\u2019s solar program by increasing funds $150 million per year, and named a new cleantech czar to oversee the efforts. The cumulative impact&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[111,22,7],"tags":[1606,1607,912,757],"_links":{"self":[{"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/posts\/2962"}],"collection":[{"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/comments?post=2962"}],"version-history":[{"count":2,"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/posts\/2962\/revisions"}],"predecessor-version":[{"id":2965,"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/posts\/2962\/revisions\/2965"}],"wp:attachment":[{"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/media?parent=2962"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/categories?post=2962"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/tags?post=2962"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}