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

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

Full Title:  Basic Research Needs for the Hydrogen Economy
Author(s): Merrian C. Fuller, Stephen Compagni Portis, and Daniel M. Kammen
Publisher(s): Environment Magazine
Publication Date: February 1, 2009
Full Text: Download Resource
Description (excerpt):

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?

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