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.

Wind farms - renewable energy

Wind farms - renewable energy

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.

[via Reuters] Image courtesy of Taylor Dundee

If you're new here and you like our articles, how about subscribing free for our updates via RSS feed.

Related posts:

  1. Google Renewable Energy Efforts Show Positive ResultsCall them philanthropic or just call them smart investors, the bottom line is that Google wants to provide an alternate solution to the greenhouse gases...

  2. New Jersey okays energy-efficiency plan worth $225 millionThe state of New Jersey has approved energy-efficiency proposals, worth over $225 million, from three utilities. The proposals are expected to slash energy usage and...

  3. Wal-mart plans to double solar energy useWhile the rest of the world is in an economic slump, Wal-mart keeps chugging along. It makes sense to me. When all else fails, which...