With no upfront costs, this innovative financing tool makes energy efficiency affordable to all

From Nate Berg / ENSIA: North Carolina’s Roanoke Electric Cooperative is helping members bring down energy costs. Because the energy costs in this area is due to a lack of energy efficiency, the cooperative offers tariffed on-billing to help homes offset expenses like insulation and new heat pumps. The tariffed on-billing uses federal loans to pay for said expenses, and then the customer pays the tariff charge in their bill – which ends up being lower because of the energy-efficient upgrades.

Click here to read the original story.

Issue Areas:

Climate Change Adaptation and Mitigation, Environment, Poverty Reduction Measures

Impact Areas:

Environmental Sustainability, Sustainable Finance

Actors:

Businesses, Government

Communities Served:

Communities Experiencing Economic Hardship, Workers

Strategies:

Easing Economic Burdens for Individuals, Increase Education / Insights Sharing, Utilizing Sustainable or Renewable Resources

Success Factors:

Business With Social Goals, Empowering People, Expanding Access, Meeting People Where They Are At, Overcoming the Big Challenges

Geographic Region:

North America

Countries:

United States

Date:

February 26, 2019

More Resources:

With no upfront costs, this innovative financing tool makes energy efficiency affordable to all

From Nate Berg / ENSIA: North Carolina’s Roanoke Electric Cooperative is helping members bring down energy costs. Because the energy costs in this area is due to a lack of energy efficiency, the cooperative offers tariffed on-billing to help homes...

A revolution in helping Africa’s poor: Cash with no strings attached

From Katharine Houreld / The Washington Post: GiveDirectly runs a program that gives a lump sum of cash directly to those in need, without needing to qualify with other specifications (such as school enrollment or vaccination status). Lump sum funds...

Chicago Youth Help Decide Where Public Funds Go

From Martín Xavi Macías / NextCity: Chicago is asking its citizens, including youth, to help determine how to spend public money. Participatory budgeting involves communities identifying their greatest needs and guiding spending toward solutions. Read the original story here. Read...

Dubai becomes world’s first paperless government

From Varun Godinho / Gulf Business: The government of Dubai became the world’s first paperless government with all 45 government entities providing digital services. Becoming entirely digital has been more efficient for public service delivery and reduces harmful environmental impacts....

Universal basic income eases caregiving after incarceration

From Makaelah Walters / Prism: The Just Income GNV project in Florida provides justice-impacted people with a guaranteed income for a year to help them get on their feet. All they have to do is fill out an application, get...

Conversation with Pedro Tarak

Pedro co-founded Sistema B in 2011 after decades of experience in cross-country dialogue and implementing solutions for social and environmental problems across Latin America and Europe. Sistema B is a global organization dedicated to new economies promoting the creation of...