06/03/2026
The Portland Clean Energy Fund—aimed at reducing carbon emissions in Portland, Oregon, and helping the city’s most vulnerable residents adapt to climate change—has helped reduce carbon emissions by about 25,500 metric tons, the equivalent of removing about 6,000 gas-powered vehicles from the road for one year.
The fund is expected to complete its first five-year plan by mid-2029, investing $1.6 billion back into the city through funding efforts like community solar projects and energy efficiency retrofits.
"It's a fund that's intended to scale up local, community-based climate solutions that address our very real climate realities, community resilience and economic resiliency," said Sam Baraso, the Portland Clean Energy Fund program manager.
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The Portland Clean Energy Fund has raised a billion dollars for climate change action via a retail tax on large corporations in the city. Other cities are starting to shape similar funds.