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Providence council advances green revolving fund to finance city decarbonization
Summary
The City Council passed on first reading an ordinance to create a green revolving fund that will reinvest municipal energy savings and federal incentives into future decarbonization projects; the measure passed by roll call, 13 ayes, 2 absent.
The Providence City Council approved an ordinance on first reading to create a green revolving fund intended to finance municipal decarbonization projects and reinvest energy-cost savings, passing the measure on a roll-call vote, 13 ayes and 2 absent.
Councilman Anurag, the ordinance sponsor, told colleagues the fund would capture savings from completed projects and any federal or utility incentives and recycle those dollars into new energy-efficiency and clean-energy work. "We'll also be investing any sort of incentives…
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