April 30, 2024

New York City is First Big City in U.S. to Adopt Climate Budgeting, Joins Elite Group of Global Cities, Including London, Oslo, and Mumbai

Climate Budgeting Will Permanently Embed Climate Considerations Into Budgeting Decisions, Helping to Reach Climate Goals

NEW YORK—New York City Mayor Eric Adams introduced the city’s first-ever climate budgeting publication through the city’s Fiscal Year (FY) 2025 Executive Budget. Climate budgeting is a process that incorporates science-based climate considerations into the city’s budget decision-making process by evaluating how actions and spending today contribute to meeting longer-term climate targets and needs. The process will allow New York City to understand the climate impact of the dollars New York City spends, identify where more effort is needed to tackle climate change, and champion forward-looking investments.

Read the full Mayoral Press Release.