UNLEASHING THE POWER OF PUBLIC BANKING: GREEN ENERGY ACCELERATION & RESOURCE ALLOCATION TOOL

We’re excited to share the final two publications in the Los Angeles Municipal Public Banking series from the Jain Family Institute (JFI) and the Berggruen Institute. This latest briefing covers ways a public bank could accelerate community and utility-scale renewable energy for a just climate transition in Los Angeles. Paired with new federal incentives through the Inflation Reduction Act, a public bank could substantially reduce costs for the Los Angeles Department of Water and Power (LADWP), the city’s publicly-owned utility, while returning a profit to LA taxpayers!

The briefing also provides an overview of recent developments in utility-scale renewables finance and shows how the Los Angeles public bank could fill essential gaps in the financial system to support large-scale renewable energy projects. This support would significantly reduce the cost of the City’s energy and ensure that savings from the green transition benefit LA workers and taxpayers.

Learn more about the transformative potential of public banking in Los Angeles to drive a sustainable and equitable energy transition by downloading the briefing here.

In the final part of the Los Angeles Municipal Banking series, the JFI and Berggruen teams developed a balance sheet simulator. This tool enables the public to allocate resources and test financial assumptions interactively, making it easier for everyone to understand the LA public bank’s potential impact and costs of proposed investments in affordable housing, financial justice, and clean energy.

Explore and test different public bank lending program scenarios using the interactive tool here. Read all five parts of the series including the introductory paper below.

Los Angeles Municipal Public Banking Series

Read our latest newsletter here.

Share this article

Related Posts

431328128_428423383033537_2108947606589234025_n
CALACCOUNT LA TOWN HALL FEATURED IN LA OPINIÓN
429555069_18305343778177988_5794208233269526058_n
CALACCOUNT LOS ANGELES TOWN HALL
PBLA980
PUBLIC BANKING MOVEMENT GAINS MOMENTUM IN CALIFORNIA
Screen Shot 2024-01-17 at 2.33
A BANKER'S CASE FOR PUBLIC BANKING

RECENT POST

431328128_428423383033537_2108947606589234025_n
CALACCOUNT LA TOWN HALL FEATURED IN LA OPINIÓN
429555069_18305343778177988_5794208233269526058_n
CALACCOUNT LOS ANGELES TOWN HALL
PBLA980
PUBLIC BANKING MOVEMENT GAINS MOMENTUM IN CALIFORNIA
Screen Shot 2024-01-17 at 2.33
A BANKER'S CASE FOR PUBLIC BANKING
Screen Shot 2023-12-18 at 11.20
TLAIB, OCASIO-CORTEZ INTRODUCE PUBLIC BANKING ACT