The Portland Clean Energy Community Benefits Fund (PCEF) is shifting its strategy, allocating $300 million to large-scale climate projects during financial uncertainty for city operations.
More than a third of the funding from PCEF's Collaborating for Climate Action will support projects led by city bureaus, promising a community-centered approach amid growing revenue.
PCEF's previous rounds mainly supported nonprofit projects, while the latest round integrates governmental agencies, illustrating a significant strategic change in funding allocations.
The City Council's approval of $623 million for climate work represents a robust commitment to investing in sustainable infrastructure and community resilience.
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