How one Oregon city has raised a billion dollars for climate change The small city of Portland, Oregon, has made waves in the world of climate finance with its unprecedented achievement: raising over $1 billion through a retail tax on large corporations to tackle global warming.
This feat has already caught the attention of cities across the United States and beyond.
Portland's Clean Energy Fund was established in 2018 as a way for the city to take direct action on climate change, rather than relying on state or federal authorities.