Portland Clean Energy Fund plan details $1.6 billion of allocations; community leaders urge protection of CBO grants

City staff presented the Portland Clean Energy Fund’s five-year Climate Investment Plan and budget to the Climate Resilience and Land Use Committee on March 27 and said the plan now allocates roughly $1.6 billion of funding through June 2029 across bureaus, strategic programs and community grants.

Dona Olivera, deputy city administrator overseeing program stewardship, opened the PCF briefing by reminding the committee that the fund “only exists because of the brilliance and determination of community leaders” and that the fund’s purpose is to advance climate justice, support resilience and create green jobs for communities historically left out of city investments.

What staff presented

Eric Kingstrom, director of the Bureau of Planning and Sustainability, and James Valdez, who leads strategic partnerships for PSF, walked the committee through the climate investment plan’s structure and the fiscal picture. Staff described two primary funding pathways: strategic programs administered by bureaus or contracted administrators, and competitive community grants led by community-based organizations.

Key fiscal points and allocations described by staff: - Total Climate Investment Plan allocation through June 2029: approximately $1.6 billion. - Community grants allocation in the CIP (five years): $363 million. - Staff said PSF…