Getting More Value out of Prop 39: Expanding Energy Savings Through Leverage

Expanding Energy Savings Through Leverage

In November, California voters overwhelmingly voted to approve Proposition 39, which established the Clean Energy Job Creation Fund.

This fund will support projects that improve energy efficiency and expand the use of alternative and advanced energy across California. The Clean Energy Job Creation Fund can receive up to $550 million per year over the next five years.

The California legislature is considering proposals on how to allocate Proposition 39 revenues. In this white paper, Advanced Energy Economy outlines several ways the state can leverage funds for advanced energy projects that will transform a one-time state-financed opportunity into an ongoing funding source for advanced energy projects from outside capital groups. This white paper also outlines three implementation models for potential allocations of Prop 39 finance elements.

 

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Expanding Energy Savings Through Leverage

In November, California voters overwhelmingly voted to approve Proposition 39, which established the Clean Energy Job Creation Fund.

This fund will support projects that improve energy efficiency and expand the use of alternative and advanced energy across California. The Clean Energy Job Creation Fund can receive up to $550 million per year over the next five years.

The California legislature is considering proposals on how to allocate Proposition 39 revenues. In this white paper, Advanced Energy Economy outlines several ways the state can leverage funds for advanced energy projects that will transform a one-time state-financed opportunity into an ongoing funding source for advanced energy projects from outside capital groups. This white paper also outlines three implementation models for potential allocations of Prop 39 finance elements.