With over 8.4 million residents packed alongside 520 miles of shoreline, New York City has a compelling need to focus on resiliency. Indeed, as the largest city in the United States, New York typically spends $8 to 10 billion each year on capital projects, including environmentally-beneficial infrastructure. Bonds play a critical role in financing these projects.
The NYC °CoolRoofs program, launched in 2009, has coated over 5.7 million square feet (529,547 square meters) of rooftop (626 buildings) with a white, reflective coating, offsetting the warming effect of greenhouse gases (GHG) and also directly cooling the city. The program provides benefits and savings directly to the building owner by reducing cooling costs by 10-30%, and has proved to be an effective way to help tackle the Urban Heat Island effect and reduce GHG emissions.
In celebration of Climate Week, C40 cities will be running a digital billboard in Times Square, New York City's most significant commercial zone. From September 22nd to the 23rd, a C40 video will run for 6 minutes per hour, every hour.
Next week, C40 and Siemens will announce the finalists for the second annual C40 & Siemens City Climate Leadership Awards. But before that happens, we wanted to take a moment to reflect on some of the projects that won last year for demonstrating climate leadership in areas as diverse as urban transportation and adaptation and resilience.
The In Focus city reports provide valuable insight into the efforts of the world's leading cities to become more sustainable. This report has been developed with C40's official reporting partner, CDP Cities, and AECOM, using data submitted through CDP's reporting platform. It conveys information about how New York City perceives its climate risk, measures key climate change-related data, and manages climate action.