Introducing a New Anchor Institution for the Center for Climate Solutions
In April 2023, following a two-year competitive process led by the Trust for Governors Island and the City of New York, The New York Climate Exchange was selected as the anchor research and educational institution to create an innovation district on Governors Island to accelerate equitable climate solutions for cities.
By leveraging the perspectives of a cross-sector network of diverse partners and New York City’s global influence, The Exchange engages in cutting-edge research, delivers impactful education and training, hosts world-class convenings, and scales climate technology solutions.
The Exchange is developing a state-of-the-art climate campus on Governors Island that will bring climate scientists, educators, entrepreneurs, and changemakers under one roof — sparking the collaborations and breakthrough ideas we need to build a sustainable future.

Renovated Yankee Pier leading toward a new public plaza and new mass timber academic and research buildings at the Exchange. © SOM
The Work
Leading up to the opening of their campus, the work of The Exchange will focus on three key areas:
- Climate Data: Unlocking access to climate data so it’s more useful across sectors — from improving public health to disaster preparedness to business forecasting.
- Climate Finance: Developing innovative financial solutions to help city leaders invest in community resilience for thriving, healthy communities.
- Urban Resilience: Utilizing Governors Island as a living laboratory, The Exchange builds tools, trains leaders, and tests solutions that make our communities stronger, safer, and more prepared for climate impacts.
The Physical Campus
The Exchange’s campus aims to build on what New Yorkers love about Governors Island while welcoming them to research, learn, and experience climate solutions that will enable NYC and other urban communities to thrive.The overall project envisions 400,000 sq ft of space dedicated to research, education, and climate innovation, surrounded by 4 acres of newly created public open space. Scheduled to break ground in fall 2026, the first construction phase encompasses 250,000 sq ft of collaborative space, made up of two new mass timber buildings and a renovation of a portion of historic Liggett Hall.

Aerial view of The Exchange, showing the iconic forms designed to evoke the dramatic landscapes and hills of Governors Island. Illustrative rendering courtesy The New York Climate Exchange and Skidmore, Owings & Merrill.

Ground floor labs and exhibition spaces open to the outdoors, inviting visitors to engage with the ongoing work of The Exchange. Illustrative rendering courtesy The New York Climate Exchange and Skidmore, Owings & Merrill.

The Exchange's design reflects the history of the Island by renovating sections of Liggett Hall for student dormitories and faculty accommodations. Illustrative rendering courtesy The New York Climate Exchange and Skidmore, Owings & Merrill.

A grand convening hall will host climate events that challenge in-person audiences to listen and learn from one another. Illustrative rendering courtesy The New York Climate Exchange and Skidmore, Owings & Merrill.

Two new mass timber buildings, topped by a canopy that generates solar energy, will sit just off Yankee Pier. Illustrative rendering courtesy The New York Climate Exchange and Skidmore, Owings & Merrill.
As one of the nation’s premier research universities, Stony Brook University has been at the forefront of discovery in a number of fields that will be crucial in the work of The Exchange. SBU’s School of Marine and Atmospheric Sciences has been a leader in severe storm research, weather prediction, climate change research, and mitigation efforts. SBU’s Renaissance School of Medicine conducts a broad range of interdisciplinary research that addresses determinants of health and illness and the causes of health disparities. SBU’s Advanced Energy Research Center is a leader in green energy research. The Department of Energy’s Brookhaven National Laboratory, which SBU manages, pursues innovative energy research with a focus on efficiency, conservation, renewable energy, and nanotechnology applications for new and novel sources of energy. In The Exchange, Stony Brook will collaborate with other outstanding academic institutions and philanthropic, community, and corporate partners to pool expertise, experience, and insights to bring innovative climate solutions to market.