With alternative energy becoming more competitive relative to conventional energy, the main hurdles to widespread adoption of renewables are their upfront costs. At the same time, investors are clamoring for alternative fixed-income investment possibilities. Experts at the Brookings-Rockefeller Project on State and Metropolitan Innovation say that, with some initiative and innovation, these two complementary needs can satisfy each other for the benefit of all. getAbstract suggests this report’s useful approaches to green development to financiers and energy policy makers.
In this summary, you will learn
- Why local green projects in the United States need new funding sources,
- How state and local officials are already using innovative means to finance green initiatives, and
- What steps are necessary to scale up this funding.
About the Authors
Lewis Milford and Robert Sanders work for the Clean Energy Group. Devashree Saha and Mark Muro are fellows at the Brookings Institution. Toby Rittner is CEO of the Council of Development Finance Agencies.