Richard Kauffman is the state’s new leader on energy policy and energy finance.
Gov. Andrew Cuomo appointed Kauffman to be in his cabinet as chairman of the new Energy Policy and Finance Sub-Cabinet.
Kauffman will be involved in establishing the state’s green bank. The bank, run through the New York State Energy Research and Development Authority (NYSERDA), will offer loans and grants to further clean energy deployment, coordinate and leverage the state’s clean energy spending and alleviate financial market barriers that impede clean energy projects.
Kauffman was a senior advisor to the U.S. Secretary of Energy, and previously served as CEO of Good Energies Inc., a company that invested in renewable energy projects. He has also worked for Goldman Sachs and Morgan Stanley, and served on the board of the Wildlife Conservation Society.
“Richard Kauffman’s extensive private and public sector experience in energy and finance matters will improve coordination of the state’s energy policy and further the establishment of New York as the national leader in the clean energy economy,” Cuomo said in a statement.