Philadelphia partner Baird Brown authored an article titled, "Sustainable Finance – Introducing the SFO" in Environmental Finance.

In the article Baird discusses how 'sustainability finance organizations' (SFO) can help the public sector attract large volumes of private finance into energy efficiency, renewable energy and emission reduction projects.

A few SFO's have been set up by U.S. states. The first was Efficiency Vermont, which estimates that the economic value of the projects it sponsored in 2009 will exceed $131 million, at a cost of only $48 million. Delaware formed its Sustainable Energy Utility (SEU) in 2009 and the District of Columbia formed its SEU after Delaware's model.

To read the article, click the link below.

Source: Environmental Finance
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