$9 Million for Building Efficiency
The Natural Resources Defense Council and the Institute for Market Transformation announced January 29 a $9 million initiative to help ten American cities make their buildings more energy efficient. The City Energy Project will allocate $3 million per year for three years to help Atlanta, Boston, Chicago, Denver, Houston, Kansas City, Los Angeles, Orlando, Philadelphia, and Salt Lake City make their buildings more efficient.
Foundations to Invest in Clean Energy
A coalition of 17 foundations, representing almost $1.8 billion, announced January 30 that it plans to divest from fossil fuel companies in its portfolios and invest more in clean energy. The foundations, led by the Wallace Global Fund, the Ben & Jerry’s Foundation, and the Educational Foundation of America hope that their divest-invest effort will encourage other philanthropies to follow suit. Many of the foundations offer grants focused on addressing climate change.