Finance. Financial aspects of investments in climate-related projects, improvements, etc. 1. The Inflation Reduction Act (IRA) of 2022. Local governments are encouraged to become aware of and to take advantage of the so-called “Direct Pay” provisions of the IRA to carry out such climate actions as the purchase of EVs, the undertaking of clean and other renewable energy projects, the creation of microgrids, etc. “Inflation Reduction Act: Clean Energy Project Eligibility for Local Governments”. www.nlc.org 2. Property-Assessed Clean Energy Programs (PACE). PACE financing solves the upfront cost barrier to energy conservation and renewable energy improvements by providing 100% financing for project costs. PACE-enabling legislation is active in 38 states plus Washington DC. See PACE programs by state at www.pacenation.org/pace-programs/ . PACE-Nation is a national nonprofit association that advocates for PACE financing. www.pacenation.org .
