Suffolk Reporter

The New York Climate Exchange has announced a significant financial contribution from Glenn Dubin and Eva Andersson-Dubin, MD. The couple has pledged $10 million to support the organization's efforts in developing innovative climate solutions in New York City and globally.

This donation will aid various aspects of The Exchange's operations, including capital projects, faculty research, community programs, student activities, and conferences. Stephen Hammer, CEO of The Exchange, expressed gratitude for the gift: "We’re grateful to the Dubin Family Foundation for this very generous gift which will help us dramatically expand the scale of impact we can have on pressing climate challenges and opportunities."

Richard L. McCormick, co-chair of The New York Climate Exchange Board of Directors and interim president of Stony Brook University, emphasized the importance of such partnerships: "We are incredibly grateful to Glenn and Eva for their partnership and for their investment in the critical work that is taking place in this global hub of education, research, and action."

In addition to the initial pledge from Dubin and Andersson-Dubin, an additional $10 million will be unlocked through a matching gift challenge by the Simons Foundation. This results in a combined total impact of $20 million.

Glenn Dubin remarked on the growing need for collaborative efforts in addressing climate issues: "With an innovative model leveraging the collective power of education... it is our sincere belief that The Exchange will be a catalyst for groundbreaking innovation in the climate solution space."

The New York Climate Exchange was selected as an educational partner following a competitive process aimed at establishing a center dedicated to scaling climate solutions. It plans to open its facility on Governors Island by 2028.

The Dubin Family Foundation was established by Glenn Dubin and Eva Andersson-Dubin in 2002. It focuses on fighting poverty, enhancing higher education access for first-generation students, improving breast cancer care standards, advancing medical research, and supporting arts initiatives.