How one Oregon city has raised a billion dollars for climate change
Portland, Oregon, has established a billion-dollar climate fund aimed at supporting vulnerable communities in addressing climate change. The Portland Clean Energy Fund, created through a 1% retail sales tax on large corporations, has financed various projects, including community solar initiatives and energy efficiency upgrades. This innovative approach has garnered significant support and is projected to reach $1.6 billion by mid-2029.
- ▪The Portland Clean Energy Fund was passed by a 65% majority of voters in 2018.
- ▪The fund has raised approximately $1 billion and is expected to grow to $1.6 billion by 2029.
- ▪Projects funded include distributing over 20,000 air conditioning units and training 2,000 individuals in renewable energy fields.
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How one Oregon city has raised a billion dollars for climate change May 20, 202610:00 AM ET From By Monica Samayoa The PDX Community Solar project is funded by a more than $4 million grant from the Portland Clean Energy Fund. It provides power to qualified low-income residents in Portland, Oregon's Cully neighborhood. Monica Samayoa/Oregon Public Broadcasting hide caption toggle caption Monica Samayoa/Oregon Public Broadcasting NPR is dedicating a week to stories and conversations about how communities are moving forward on climate solutions despite significant political headwinds. As the federal government halts plans to address climate change, states, cities, regions, and even neighborhoods are trying to fill the gap, by cutting climate pollution and adapting to extreme weather.
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