Renewable Money Pool | Green Energy News

January 25, 2004 – Vol.8 No.44

RENEWABLE MONEY POOL.

The United States is a union of governments. Union members - the states - when they choose, can work together on projects they see necessary or advantageous without the blessing of the Federal Government.

So, if the states see that building more renewable capacity is a good idea, and Washington is ho-hum about it, there’s nothing to stop the states from moving forward.

And they did.

Agencies from 12 states have formally announced the creation of a new organization, the Clean Energy States Alliance (CESA). CESA, will use pooled funds of member’s respective renewable energy programs, as well as public funds from 5 non-profit organizations, to promote clean energy and to build clean and renewable energy markets.

CESA members recognize clean energy as a way to improve the environment while creating jobs and business opportunities. In short, they see clean energy as a powerful economic tool.

State members include California, Connecticut, Illinois, Massachusetts, Minnesota, New Jersey, New York, Ohio, Oregon, Pennsylvania, Rhode Island, and Wisconsin.

Funds - collectively expected to be about $3.5 billion over the next decade - will be used to leverage energy projects and market building activities including education. CESA will be managed by the Clean Energy Funds Network. Visit CESA at http://www.cleanenergystates.org/ .