Duke University is entering into the Governors Island public-private partnership to construct and manage an international hub for climate research and education. Led by Stony Brook University, the New York Climate Exchange will be a partnership involving forty organizations including Pace University, IBM, Georgia Tech, University of Washington, and Duke. Designed mainly with wood, the all-electric development will span 400,000 square feet over the island and will include research labs, greenhouses, housing, exhibits. The space will also include four acres of open space, be able to withstand an eighteen-feet sea level rise, create 2,200 jobs, and host workforce and skill-based training programs for the green economy. Bloomberg Philanthropies and the Simons Foundation have pledged $150 million of the $700 million project that is expected to break ground in 2025 and open in 2028. Duke has announced they are dedicated to fueling climate research and technologies while creating opportunities for their faculty and students through their partnership with New York City.

Duke U. joins IBM, other partners in creating NY ‘Climate Exchange’ research center