New York State announces $9 million fund as part of bid to become leading « carbontech » innovation hub

New York State announces $9 million fund as part of bid to become leading « carbontech » innovation hub

New York State governor Andrew M Cuomo has launched a $9 million fund to support research into ways of capturing atmospheric carbon and turning it into useful products. The Carbontech Entrepreneurial Fellowship Program will provide technical expertise for « carbon-to-value » technology that stores captured CO2 in physical objects. The programme is part of the state’s aim of becoming a leading hub for carbontech businesses as well as supporting its goal of reducing its greenhouse gas emissions by 85 per cent by 2050. [Lire plus]