Climate and Clean Energy Policy: State Institutions and Economic Implications by Benjamin H. Deitchman

Author:Benjamin H. Deitchman [Deitchman, Benjamin H.]
Language: eng
Format: epub
Tags: Public Policy, Political Science, American Government, Environmental Policy, General
ISBN: 9781317288312
Google: qCMlDwAAQBAJ
Publisher: Taylor & Francis
Published: 2016-12-01T07:23:53+00:00

Arkansas*

Maine

New York

California

Maryland

Oregon

Colorado*

Massachusetts

Pennsylvania

Connecticut

Minnesota

Rhode Island

Delaware

Nevada

Vermont

Hawaii

New Hampshire*

Washington

Illinois

New Jersey

(*= Did not qualify in 2008 but did qualify in 2012)

Figure 4.2 Number of Private Sector Supporting Revolving Loan Funds by Source of Seed Funding

Based on data from Gergen, Cannon & Binnings (2010)

Innovations in financing are a mechanism for states to sustain temporary financing resources. Three states—Minnesota, North Carolina, and Tennessee—self-identified innovations in clean energy financing in their ARRA SEP documents. Both Minnesota and North Carolina stated plans to help homeowners make energy-efficient investments through loan products. As North Carolina wrote, “Such financing is currently unavailable to most homeowners through traditional lending programs, and this prevents homeowners from pursuing more costly energy improvements or renewable energy systems.” Working with private sector partners, these states developed programs to leverage resources beyond the direct use of Recovery Act funds to assist this market. Tennessee, on the other hand, devoted all of its SEP allocation to solar energy technologies and economic development in the state through this form of clean energy. The Volunteer State included plans to continue its “innovative” green tax breaks started in 2008 to encourage the development of solar companies with local operations. Financing was not the only place where states self-identified innovations, as highlighted in Table 4.3 above.

Table 4.3 Self-Identified Innovations in ARRA SEP Plans Programmatic

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