World Financial institution exec to function founding CEO of New York Local weather Alternate


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Stephen Hammer will function the founding chief government of the New York Local weather Alternate. Led by Stony Brook College, the middle, on Governor’s Island, will intention to “implement modern local weather options,” each in New York Metropolis and around the globe, in line with a brand new launch.

Hammer is a acknowledged world local weather coverage skilled, and for the previous decade, served as the highest local weather advisor on the World Financial institution.

On the New York Local weather Alternate, Hammer will lead a consortium of greater than 45 associate organizations that intention to unravel local weather challenges.

Hammer brings a wealth of experience on urban-scale local weather options, world local weather coverage, and finance points, the place he spearheaded key local weather partnerships with the United Nations Framework Conference on Local weather Change, the UN Secretary Common’s staff, and the G20, and supported efforts to mainstream local weather become all sides of the World Financial institution’s lending operations.

With Hammer’s appointment, New York Metropolis “takes one step nearer to opening this hub of future innovation, bringing collectively our main analysis and academic establishments, and creating the financial and tutorial alternatives New Yorkers deserve,” New York Metropolis Mayor Eric Adams stated in a press release. “His tutorial experience and confirmed document of management in New York Metropolis and throughout the globe make Dr. Hammer uniquely positioned to function the Alternate’s first chief.”

Hammer has held college posts at MIT’s Division of City Research and Planning, Columbia College’s College of Worldwide and Public Affairs, and the Pratt Institute, the place he specialised in city power techniques and coverage, typically with a particular concentrate on New York Metropolis. He additionally co-founded and co-directed the City Local weather Change Analysis Community, a world consortium of researchers concerned with local weather change from an city perspective, and served on Mayor Bloomberg’s Vitality Coverage Activity Drive, advising on PlaNYC, the Metropolis’s long-term progress and sustainability initiative.

“There may be really no group like this throughout the globe,” Hammer stated in a written assertion. “Worldwide, too many sectors – the enterprise neighborhood, non-profits, authorities, teachers, and extra – are working in silos. The Alternate is not only one other institute – it’s half suppose tank, half do-tank – serving as a coaching floor for the local weather leaders of tomorrow and an incubator for expertise and market entrepreneurs.

“It’s meant to innovate and have an effect, to defend science, and to make New York Metropolis a dwelling laboratory for worldwide options,” Hammer added. “Local weather change goes to reverberate the world over and each side of society, and dealing with our world-class companions, we’re going to carry folks collectively to ship actual affect on this collective, existential problem.”

Maurie McInnis, chair of the board of administrators of The New York Local weather Alternate, and president of Stony Brook College, stated that in “Dr. Hammer, we have now a real convener able to working throughout sectors, nurturing significant options to the local weather disaster, and delivering motion.”

She added that “as communities the world over wrestle to adapt to the consequences of local weather change, we’re placing a extremely credentialed chief on the helm to expedite options scalable for any neighborhood. We look ahead to working with Dr. Hammer and our dozens of companions to create scalable options.”

Comprised of world-class organizations throughout academia, enterprise, and neighborhood, The Alternate’s associate community fosters collaboration to drive innovation and implement impactful options. With 14 tutorial and company organizations and over 30 neighborhood entities from environmental justice, analysis, and authorities organizations in New York Metropolis, companions have begun to work collectively to advance local weather schooling, analysis, job coaching, public packages, and commercialization to arrange communities to answer local weather challenges.

These efforts are aided by preliminary investments of a mixed $100 million from the Simons Basis and Simons Basis Worldwide, and $50 million from Bloomberg Philanthropies. Companions of The Alternate embody: Boston Consulting Group, Georgia Institute of Expertise, Good Outdated Decrease East Aspect, IBM, Tempo College, Pratt Institute, Stony Brook College, College of Washington, Duke College , Moody’s, New York College, Rochester Institute of Expertise, SUNY Maritime Faculty, The Metropolis College of New York and College of Oxford

“The Simons Basis is thrilled to welcome Dr. Stephen Hammer because the founding CEO of The New York Local weather Alternate,” David Spergel, president of the Simons Basis stated in a written assertion.

“The work begins with understanding the local weather science, modeling the dangers, and estimating its impacts on New York Metropolis, its infrastructure, and its atmosphere,” Spergel added. “New York generally is a mannequin for the world’s cities. Dr. Hammer is poised to steer a trailblazing group that brings collectively a broad and various set of skills to deal with the best problem of our occasions, local weather change.”

“The Local weather Alternate will assist New York stay a world chief in creating and spreading sustainable options — a place that Dr. Hammer helped us set up greater than a decade in the past,” Michael Bloomberg, UN secretary-general’s particular envoy on Local weather Ambition and Options, 108th mayor of New York Metropolis and founding father of Bloomberg LP and Bloomberg Philanthropies, stated in a written assertion.

“With the Alternate’s concentrate on public-private partnerships, it could possibly assist cities be bolder, join to personal finance, and transfer sooner on local weather motion,” he added. “Our staff at Bloomberg Philanthropies is wanting ahead to working with Dr. Hammer as he begins main this first-of-its variety group.”

The Alternate will finally be housed in a $700 million facility on Governors Island, and is anticipated to open in 2028.

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