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Bonding With the Next Generation - article by David Morris The International Council for Local Environmental Initiatives' program, Cities for Climate Protection Campaign EPA's State and Local Climate Change Program's Financial Assitance Page - has information on funding programs designed to help individuals, community groups, small businesses, nonprofits, state and local government, and tribes overcome the financial and technical obstacles to initiating and developing projects that directly or indirectly reduce greenhouse gas emissions.
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For Immediate Release, February 8, 2006 Contact: John Bailey New Report Tells Communities How to Act Now to Reduce Global WarmingMINNEAPOLIS - “With no federal action on the horizon, cities and states must lead the way in reducing global warming,” says John Bailey, author of a new report from the Minneapolis-based Institute for Local Self-Reliance (ILSR), Climate Neutral Bonding: Building Global Warming Solutions at the State and Local Level. The report offers a simple strategy that can be quickly realized and yet yield substantial benefits: climate neutral bonding. "If a city or other public agency is serious about reducing greenhouse gas emissions in their community, a climate neutral bonding policy should certainly be one of the tools in its global warming toolbox," notes Bailey. What is climate neutral bonding? Bonding that requires any new project financed with tax-exempt bonds to generate no new global warming pollutants in the community after completion. Any greenhouse gas additions from the operation of the building must be offset with reductions from other sources within the community. “The potential is vast,” Bailey observes. “In 2004, local and state governmental bodies financed about 9,000 individual projects with about $230 billion in municipal bonds.” The report discusses the economics of climate neutral bonding and offers a model policy resolution for interested cities. As Bailey notes, “This is a case where communities can do well by doing good. The slightly higher upfront investment in energy efficient or renewable powered buildings repays itself several times over during the life of the bond. Communities can save money while honoring their obligations as world citizens.” ----------------------------------------
More:
The New Rules Project - http://www.newrules.org/ Questions? E-mail the Webrarian |
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