In the Spring of 2010 three executives in New York University’s CleanTech Executives Program, conducted a field survey and study on locally-driven sustainable energy initiatives: Wendy Brawer, Brett Barndt, and Lakis Polycarpou, Real Returns for Sustainable Communities: White Paper, Linking Communities and Investors for Sustainable Development (downloadable PDF of the complete study). They were particularly interested in how such projects could be financed:
Our survey found that investment professionals are interested in local sustainable development projects as a potential asset class. As one professional put it, “Local infrastructure projects like these are very suitable to our investor profiles.” Project finance professionals also said that they expected the sustainable development industry to “grow immensely,” and the key is to “build a platform” for growth.
What then is needed to increase adoption of cleantech and sustainable development projects? “We need to get beyond the bias we have toward centralized energy sources,” and develop ways to get small projects funded, said one professional.

