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The Risks and Rewards of Portland's Clean Energy Fund

For the past 40 years, the Community Energy Project (CEP) has helped low-income Portland homeowners make energy-saving adjustments to their homes for free. The organization has often leveraged funding from the city’s housing bureau or the Oregon Department of Energy to do targeted repairs, like upgrading a home’s thermostat or water heater to save on energy consumption. But cost limitations had kept CEP from performing energy-saving retrofits on entire homes—a service that could have a. ....

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Portland Clean Energy Fund Brings Equity to Renewable Energy Investments in First Grants

The Portland Clean Energy Community Benefits Fund (PCEF) announced its inaugural round of grantees last month. Also known as Portland’s version of the Green New Deal, PCEF aims to fund climate action projects while centering racial and social justice. PCEF, passed as a ballot initiative in 2018, is funded through a 1 percent business license surcharge on businesses making over $1 billion in annual revenue and at least $500,000 in sales in the Portland area—that. ....

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