Aiming to Create Green Jobs and Returns

A new investment fund set to launch Friday hopes to cash in on the billions of dollars set aside by the government for environmentally friendly “green” projects.

The Energy Efficiency Opportunity Fund, which is expected to announce its launch today at the Clinton Global Initiative conference in New York, is a social investment fund that will finance projects like retrofitting buildings to achieve greater energy efficiency.

It also plans to invest in low-income areas, creating “green collar” jobs in the process.

”This fund is an extension of Green For All’s commitment to build a clean-energy economy that is ripe with broad opportunity and shared prosperity for every neighborhood,” said Phaedra Ellis-Lamkins, chief executive of Green For All. “Economic recovery and economic opportunity can converge through smart investments in people, place and planet.”