New York City Mayor Eric Adams unveiled a Green Economy Action Plan aimed at propelling the city into a leadership position of sustainable innovation while addressing pressing environmental challenges. 

The plan, announced alongside New York City Economic Development Corporation President and CEO Andrew Kimball and NYCTalent Executive Director Abby Jo Sigal, charts a course to nurture a robust green economy, projecting nearly 400,000 “green-collar” jobs in the city by 2040. 

Central to the initiative is the establishment of a groundbreaking “Climate Innovation Hub” at the Brooklyn Army Terminal, envisioned as a catalyst for nurturing green technology startups and businesses. 

“Our Green Economy Action Plan will harness the growth of a new kind of industrial revolution and give New Yorkers the tools they need to build a resilient and prosperous city and thrive in our future-focused economy,” Adams said.

The plan isn’t just about job creation; it aims to combat climate change by promoting renewable energy, energy efficiency and sustainable practices. 

“Treating the climate change crisis with the urgency it requires doesn’t just support our infrastructure but our economy too, with good, ‘green-collar’ jobs for New Yorkers with diverse educations and histories,” New York City Deputy Mayor for Operations Meera Joshi said.  

 In terms of economic impact, the plan is poised to inject significant growth into the city’s economy. 

The Climate Innovation Hub alone is anticipated to generate $2.6 billion in economic impact and create 600 jobs over a decade. 

Deputy Mayor for Housing, Economic and Workforce Development Maria Torres-Springer highlighted the plan’s broader implications. 

“The Green Economy Action Plan is an integrated talent and economic development strategy for the five boroughs and another example of the Adams administration’s work connecting New Yorkers to family-sustaining jobs, spurring inclusive economic activity in high-growth sectors,” she stated.   

Funding for this initiative is derived from a variety of sources, including public and private investments, grants and governmental programs. 

“There is no better location for innovation than at the historic Brooklyn Army Terminal, located on the waterfront in the heart of Sunset Park, which is turning into a center for clean tech innovation and manufacturing,” Kimball said. 

 The Green Economy Action Plan aims to be a significant step forward for NYC in its journey toward sustainability and economic prosperity. 

“It puts us on the path to New York City becoming the leader in green collar jobs and the green economy of the future,” Assemblymember Jenifer Rajkumar said. 

With its bold vision and strategic investments, the plan underscores the city’s commitment to fostering environmental stewardship and inclusive economic growth for all its residents.