New York

Entrepreneurs are receiving funding to bring climate technology ideas to market and people in under-represented communities are being supported to start climate technology companies and build their businesses

The economic opportunity of expanding the carbontech market to industries not yet served by it, including building materials and consumer products, is estimated to be worth $1tn in the US and $6tn globally

A total of 14 projects will share the funding for the construction and renovation of more than 36 projects, including more than 4,200 units that will serve low to moderate income households

The heating and cooling of buildings is responsible for around 33% of all greenhouse gas emissions in New York State

It comes as the two companies completed their previously announced deal, whereby Equinor sold a 50% interest in both the Empire Wind and Beacon Wind assets on the US east coast

Proposals are being sought from existing privately-owned hydropower and onshore wind generators that entered commercial operation before 1st January 2015

The wells release methane, which is many times more potent than carbon dioxide as a greenhouse gas and is second only to CO2 in its overall contribution to climate change

It has set a long term goal to transition its portfolio to net zero greenhouse gas emissions by 2040

It will ensure regional emissions are 65% below the baseline by 2030

The New York Climate Progress Programme will provide capital investments to support firms that create low carbon goods and services