Investing for Clean Energy in Oregon September 29, 2005

1
Investing for Clean Energy in OregonSeptember
29, 2005

• The Public Policy Context for Clean Energy
• Lewis Milford
• Clean Energy Group

2
States As New Leaders

• Explosion of state action 1990s - 2004
• Restructuring democratized energy
• Nonpartisan, experimental, collaborative
• Economic development role reasserted
• A trend, not an aberration

State Clean Energy Support
28 States District of Columbia
28
States with Clean Energy Funds, Fuel Cells
Hydrogen Funds, RPS , and Carbon Trading
Over 188 Million People in 28 States(64 of the
US Population)
3
Historical Role of States

• Areas of competence
• federal (redistributive)
• vs. state (developmental)
• Erie Canal to stem cells
• States historical locus for
• technology innovation
• Clean energy resurgence consistent with American
  historical trends

4
Clean Energy States Alliance
www.cleanenergystates.org
WA
AZ
NM

• Multi-state consortium of 16 funds in 12 states.
  3 new members pending -- Nearly 4 billion to
  invest in next ten years

5
CEG Finance Initiatives

• Institutional Investor Working Group
• State Public Pension Programs
• Conference Call Series (Next Call October 5)
• Transatlantic Investment Initiative
• Partnership with London-based Carbon Trust
• Late-November Workshop
• New Financial Partnerships
• Investor Advisory Committee
• Foundation Endowment Investment
• Commercial Banking

6
Northwest Regional Fund

• Working directly with Washington Department of
  Community, Trade, and Economic Development (WA
  CTED)
• Explore options for clean energy funding
• Possible avenue for targeted investments from
  State Investment Board
• New options for states without systems benefit
  charges (SBCs)

7
Contact Information

• Lewis Milford
• Clean Energy Group
• www.cleanegroup.org
• LMilford_at_cleanegroup.org
• [phone]