Gallery: San Francisco Launches Sustainable Financing For Green Buildin...

 

from the Mayor of San Francisco, Gavin Newsom…

This week in Copenhagen, representatives from nations around the world are debating the best measures to reduce global greenhouse gas emissions and combat climate change. The success of the Copenhagen talks is important as a measure of our collective commitment to tackling the causes and impacts of global climate change. But rather than wait for the deliberations in Copenhagen, it’s even more important that individual cities, states and nations show leadership in the fight against climate change through concrete actions and initiatives. 

Acting – not waiting or debating – is exactly what we’re doing in San Francisco this week with the introduction of an innovative new initiative aimed at fueling the next wave of green job creation in San Francisco. The San Francisco Sustainable Financing program will offer residential and commercial building owners access to affordable, city-sponsored financing for energy efficiency, solar and renewable energy projects, and water conservation improvements. The repayment obligation will be attached to the property, rather than the individual, and will be paid back through property taxes over the life of the financing. 

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2 Comments

  1. sjules111 August 12, 2011 at 12:03 am

    I’m not quite willing to believe that this is a huge success yet being as it is only one year in the making; however, even just once doubling solar projects helps. Every water bottle not bought, every faucet shut off while we brush our teeth, every rain barrel used for watering, every replaced weather strip helps our environment. I just hope that the city can keep it to a minimum of red tape so as to not discourage those interested in participating. I’ll be looking for these Green Job openings. Sign me up!

  2. amy10 December 18, 2009 at 4:23 pm

    In the midst of disappointing outcomes in Copenhagen, it’s great to see local governments taking substantive action. It sounds like San Francisco’s strategy will also provide enough incentive for landlords and property managers to retrofit buildings where the tenant is responsible for energy costs – a major hurdle in these programs so far.

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