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Updated · NPR · May 20Portland Clean Energy Fund Raises $1 Billion via Corporate Tax as Other Cities Eye Similar Plans
10 articles · Updated · NPR · May 20
- $1 billion has flowed into Portland's Clean Energy Fund, giving the city a major pool of money for climate action.
- The fund is financed by a retail tax on large corporations operating in Portland, tying climate spending directly to a local corporate levy.
- Portland's model is now being treated as a blueprint for municipal climate finance, with other cities beginning to design similar funds.
As a billion-dollar climate fund faces demands for police and arena funding, can its original climate justice mission be protected? With cities nationwide eyeing Portland's model, what hidden challenges await those taxing corporations for climate action?