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.