Mayor Adams unveils climate innovation hub - wbgo.org
Mayor Adams unveils climate innovation hub | WBGO
Mayor Adams unveils climate innovation hub
Mayor Eric Adams Administration is using the Brooklyn Army Terminal for a one hundred million dollar climate innovation hub.
Andrew Kimball, the President of the city's Economic Development Corporation says this will help grow green technology startups and businesses.
"To not only tackle climate change but really adapt our economy, make this opportunity the opportunity to build the inclusive equitable economy of the future."
The hub will accelerate commercialization pathways for climate tech startups and eventually support five thousand new permanent jobs and train more than two thousand New Yorkers. It's a key part to Mayor Adams' Green Economy Action Plan.
Related Knowledge Center: Climate economics
Climate change is now a driver of the world’s economy. The impact is profound:
- Catastrophic weather events — hurricanes, floods, droughts, high temperatures — are more frequent and more extreme. The cost can be measured in both the initial damage caused and the longer-term impact on the economy.
- Vulnerable communities are increasing climate-related investments, hardening infrastructure and taking other protective measures.
- Investment in carbon capture and storage technologies is increasingly rapidly.
- Governments are making investments and crafting regulations to reduce emissions of carbon dioxide and other greenhouse gases.
On top of all of this is the cost of uncertainty. As the Fourth National Climate Assessment, released in 2018 by the U.S. Global Change Research Program, says, “The assumption that current and future climate conditions will resemble the recent past is no longer valid.”