The Climate and Community Investment Act: An Engine for Good Job Creation

For NY Renews, our hundreds of allied organizations, and tens of thousands of supporters statewide, the answer is clear: we rebuild our economy by jumpstarting the just transition to renewable energy and investing in our communities--especially disadvantaged communities hit first and worst by both Covid-19 and the climate crisis; we enact the Climate and Community Investment Act (CCIA) in New York and pass the Transform, Heal, and Renew by Investing in a Vibrant Economy (THRIVE) Act in Congress.

Just as the CCIA will cut climate and air pollution, it will send ripples of investment throughout the economy. By supporting worker training, fueling small and large-scale infrastructure projects, electrifying our state's energy production, providing direct rebates to up to 60% of New Yorkers, and jump-starting community-driven climate solutions, the policy will invigorate many sectors of New York's economy.

To be conservative in its estimates, this report analyzed two areas of the CCIA's spending that will create significant calculable new jobs in New York either because they replace expenditures out of state for fossil fuel or because they replace or expand employment in more labor and value intensive sectors of the economy: the CCIA's Climate Jobs and Infrastructure Fund and the Community Just Transition Fund.