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Hochul launches climate action pilot for New York hospitals

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Governor Kathy Hochul announced a pioneering climate action pilot program aimed at New York hospitals, marking a first-in-the-nation initiative. The voluntary program offers up to $1 million in premium credits to hospitals insured by the New York State Insurance Fund (NYSIF) that commit to achieving net-zero greenhouse gas emissions by 2050 and bolstering their resilience against extreme weather events. This initiative is part of Hochul’s broader commitment to creating a sustainable future for New Yorkers, complemented by recent fiscal allocations in the FY 2025 budget to advance state climate goals.

During the announcement, NYSIF Executive Director and CEO Gaurav Vasisht highlighted the critical role of the healthcare sector in addressing the climate crisis. He pointed out the sector’s substantial greenhouse gas contributions and the public health challenges posed by rising temperatures, which have been linked to an increase in workplace injuries and illnesses.

The program not only incentivizes hospitals to reduce their environmental impact but also provides them with financial and strategic support to develop and implement comprehensive climate action plans. These plans are expected to cover both direct and indirect emissions, including those from the supply chain, and emphasize enhancing hospital resilience to climate-related disruptions. NYSIF will also offer risk control services to aid hospitals, particularly those in rural areas, in implementing effective climate strategies.