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ARTICLE · 26 JANUARY 2018

PACE Financing In 2018: Against The Wind

Davis+Gilbert LLP
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Whether or not you believe in global warming, the recent frequency of severe climate-related events – from mudslides to bomb cyclone snowstorms...

United StatesFinance and Banking
Joseph Cioffi
Joseph Cioffi
H. Seiji Newman
H. Seiji Newman
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Whether or not you believe in global warming, the recent frequency of severe climate-related events – from mudslides to bomb cyclone snowstorms – suggests Thomas Friedman had it right years ago when he coined the phrase "global weirding."  One would think that in this environment, the outlook for Property Assessed Clean Energy (PACE) financing, which makes energy efficiency possible for the average homeowner, would be sunny and bright.

Consider further that Bitcoin, a mostly speculative pursuit for which the mining of a single unit uses as much electricity as an average American home for two years, and, again, it seems PACE financing should be taking the country by storm.  But, political and industry issues are creating challenging headwinds.

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