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Bloomberg on Clean Energy

Nov 29, 2007
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In Bloomberg's list of the 14 energy initiatives under his PlaNYC, he lists "foster the market for renewable energy." And his plans are heavy on the solar. For NYC, he's pledged to create a property tax abatement for solar panel installations; support the construction of the city's first carbon neutral building, primarily powered by solar electricity; and increase the use of solar energy in city buildings, among other initiatives. He supported the building of the world's first world's first kinetic hydropower plant, and announced its official opening in June. Bloomberg has also said that by the summer of 2008, 30 percent of the city's heating oil purchases will be required to contain 5 percent biofuel, which will grow to 10 percent by 2010 and 20 percent by 2012.