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...
Source: portlandmercury.com