Clean energy catalyst launches
By Juliet Eilperin
Climate legislation may be in suspended animation, but a new group combining investors, labor unions and policymakers hopes to leverage the market to expand energy efficiency efforts.
The Clean Economy Development Center, which will be run by former Change to Win executive director Chris Chafe and former investment banker Jeffrey King, has raised $1 million in operating capital and aims to galvanize retrofit efforts across the country.
Chafe said that while there are plenty of policies aimed at creating a clean economy, "What we need is to connect the players so we can overcome the market barriers. The Gulf oil disaster is another reminder of why we have to do this."
The center's leaders say they are in what they call "serious discussions" with more than 12 major financial investment firms, nine unions, and policymakers at the Department of Energy and in a dozen states.
Juliet Eilperin| May 4, 2010; 6:00 AM ET Save & Share:
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