- In The News
- June 2024
ABC News: The emerging world leader in climate tech could soon be Massachusetts, experts say
June 3, 2024
ABC News reports on Massachusetts’s billion-dollar proposal to make the state a global ClimateTech leader.
“Massachusetts could soon become the new leader in climate and environment technology, as the race to find solutions for sustainability and emissions mitigation heats up around the world.
A $1 billion proposal for Massachusetts to become a global leader in climate technology by Gov. Maura Healey and the emergence of environmental startups and think tanks are among the reasons why The Bay State may emerge as the nation’s climate solution hub in the near future.
But the foundations for seeing environmental initiatives from their inception to public market have long existed in Massachusetts, home to some of the most prestigious research institutions and scientific discoveries in the world, as well as existing infrastructure that allows production to be achieved much faster, according to experts in the state.
Climate tech is any technology and any type of company that’s working to fight against climate change — from solar power, offshore wind, hydropower, as well as fusion and decarbonization of existing processes such as construction — Massachusetts Secretary of Development Yvonne Hao told ABC News.”
About the Alliance
Launched in 2017 by the governors of Washington, New York, and California to help fill the void left by the U.S. federal government’s withdrawal from the Paris Agreement, the Alliance has grown to include 24 governors from across the U.S. representing approximately 60 percent of the U.S. economy and 55 percent of the U.S. population. Governors in the Alliance have pledged to collectively reduce net greenhouse gas emissions by at least 26-28 percent by 2025, 50-52 percent by 2030, and 61-66 percent by 2035, all below 2005 levels, and collectively achieve overall net-zero greenhouse gas emissions as soon as practicable, and no later than 2050.
The Alliance’s states and territories continue to advance innovative and impactful climate solutions to grow the economy, create jobs, and protect public health, and have a long record of action and results. In fact, the latest data shows that as of 2023, the Alliance has reduced its collective net greenhouse gas emissions by 24 percent below 2005 levels, while increasing collective GDP by 34 percent, and is on track to meet its near-term climate goal of reducing collective greenhouse gas emissions 26 percent below 2005 levels by 2025.
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