Towards a low carbon economy: Municipal financing for energy efficiency and solar power

TitleTowards a low carbon economy: Municipal financing for energy efficiency and solar power
Publication TypeJournal Article
Year of Publication2009
AuthorsFuller M, Kammen DM, Portis S
JournalEnvironment Magazine
Volume2009
IssueJanuary/February
Date Published02/2009
Keywordsenergy efficiency, municipal finance, PACE, PV
Abstract

Clean energy municipal financing mechanisms like the City of Berkeley’s program Berkeley FIRST (Financing Initiative for Renewable and Solar Technology) have the potential to help catalyze the transition to a more sustainable use of energy and also deliver benefits beyond emissions reductions, including a new source of job growth, reduced strain on the electric power system, and more comfortable and well-maintained buildings. How do these initiatives work, and what might the financial impact be on participants at the state and national levels? How do the benefits of clean energy municipal financing compare to other available financing options like mortgages and loans, especially in light of the current financial crisis?

URLhttp://www.environmentmagazine.org/Archives/Back%20Issues/January-February%202009/FullerPortisKammen-full.html
AttachmentSize
read the full article435.43 KB