New York has worked out a plan to meet 45% of its electricity needs from renewable energy sources by 2015. The scheme also would create 50,000 jobs, according to David Paterson, Governor of New York who made the announcement in a speech at the New York Academy of Science.
One of Paterson’s pet projects is developing new batteries required to tap solar energy and wind energy. “Whoever learns to store energy in the United States first will replenish their economy for years to come,” said Paterson.
He also announced a matching-grant program that would add 10% to every “stimulus dollar” that state research centers get from the US federal government. The state of New York has already won over 50% of federal grants to develop advanced batteries.
The Governor said New York’s economy, which depended on the financial sector to pay a fifth of its taxes, had been badly hit by losses on Wall Street.