The New York Green Bank is starting a $250 million Community Decarbonization Fund this year and increasing its own capitalization by nearly a third.

The New York Climate Action Council heard that flooding is the main risk from climate change in the state.

The American Green Bank Consortium's 21 members incited $1.7 billion in investments last year with $442 million of funds.

NY Green Bank says solar-only projects may not be the right fit for its services anymore, but it sees a need for solar-plus-storage financing in New York.

New York Gov. Andrew Cuomo signaled the state will continue to step up efforts to decarbonize its economy with an eye to spreading the benefits.

Capital markets this year are more willing than ever to finance green energy projects, said a panel at the Renewable Energy Conference.

The New York Green Bank wants to increase its portfolio by two-thirds over the next year, mostly by investing in larger clean energy projects.