Wisconsin’s rural governments are at a disadvantage when it comes to competing for federal climate funds (WPR)

https://www.wpr.org/wisconsins-rural-governments-are-disadvantage-when-it-comes-competing-federal-climate-funds

The federal Inflation Reduction Act provides historic clean energy incentives to local governments across the country, including in Wisconsin. But taking full advantage of those opportunities is often more difficult for rural communities than urban cities.

The law offers financial incentives for renewable energy projects and electric vehicles, as well as several grant opportunities for reducing greenhouse gas emissions, reducing pollution and addressing environmental justice. It also boosts investment in the U.S. Department of Agriculture’s Rural Energy for America Program.

But Wisconsin’s small cities, towns and villages may be at a disadvantage in terms of their ability to apply for grant funding because they have fewer administrative staff to work on applications or plan clean energy projects, according to Toni Herkert, director of government affairs for the League of Wisconsin Municipalities. 

Author: Christopher K. Merker, Ph.D., CFA

Christopher K. Merker, PhD, CFA, is a director with Private Asset Management at Robert W. Baird & Co. He holds a PhD in investment governance and fiduciary effectiveness from Marquette University, where he has taught the course “Sustainable Finance” since 2009. Executive director of Fund Governance Analytics (FGA), an ESG research partnership with Marquette University, he is a member of the CFA Institute ESG Working Group, an international committee currently exploring ESG standards, publishes the blog, Sustainable Finance, which covers current topics around governance and sustainability in investing, and is co-author of the book, The Trustee Governance Guide: The Five Imperatives of 21st Century Investing.