New York City Pensions Join State in Making Climate Pledge
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New York City’s retirement funds pledged to reach net-zero greenhouse gas emissions across its investment portfolios by 2040, becoming one of the first cities to do so.
The plans call for doubling investments in renewable energy, energy efficiency and other climate-related solutions to more than $8 billion by 2025, according to a statement Wednesday from New York City Comptroller Scott Stringer. By 2035, the allocation will exceed $37 billion.