The State Pension Fund: Investing in
Climate Change Solutions

On Earth Day and every day, State Comptroller DiNapoli is continuing his work to protect the Fund’s assets over the long term from the significant risks created by climate change. With the State pension fund’s $20 billion commitment to sustainable investments and climate solutions, Comptroller DiNapoli is taking action to seize investment opportunities that are best positioned for a low carbon future.

Leading the Way on Climate Investment

NYS Pension Fund Commits $1.3 Billion to Sustainable Investment Program

Climate Change Poses Significant Threats
to Communities in New York

The State Comptroller’s office also surveyed localities around the State to understand how climate change is impacting their financial and capital planning decisions. “Climate change poses significant threats to communities in New York. Concerns are growing about severe heat waves and droughts, more frequent and destructive storms, and flooding and rising sea levels that threaten both coastal and inland communities,” DiNapoli said. “Local governments are shouldering much of the financial burden of climate change as they maintain important infrastructure such as roadways, drinking water systems and sewers. Local officials will increasingly need to assess the need for additional climate actions, plan for these higher costs, and communicate these challenges to stakeholders at the State and local levels.”

Localities Spending More to Address Climate Change Hazards

ALSO IN THE NEWS THIS WEEK

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• The Capitol Connection #2316 - New York state Comptroller Tom DiNapoli
  
  
• New York took in nearly $3B more in taxes than expected
  
  

• NY State Fiscal Year Tax Receipts Beats Estimate by $2.9 Billion

• IDA projects on LI created 43,923 jobs, DiNapoli says

• NYS Is Holding $4.6 Billion Owed to 24 Million NYC Accounts. See if You Own One of Them
  
  
• NYS missed out on $183 million in rebates through Medicaid claims
  
  

• Comptroller: Area communities report climate-related projects

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Tom DiNapoli @NYSComptroller