• GCF Signals New Way to Fund Green Banks in U.S. and Abroad

    Last week, the Green Bank world hit an exciting and crucial milestone. The Green Climate Fund (GCF) became the first multilateral institution in the world to capitalize and fund a local Green Bank in a developing nation. The GCF approved a $55 million loan to the Development Bank of Southern Africa’s (DBSA) new Climate Finance […]

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  • GCF funds first Green Bank, committing $55.6m for Green Bank in Southern Africa

    Washington, DC, October 19, 2018 – Today the Coalition for Green Capital congratulates the Development Bank of Southern Africa (DBSA) for the approval of a first-of-its-kind-loan from the Green Climate Fund (GCF) to the DBSA for the creation of a new Green Bank. The DBSA Green Bank, called the Climate Finance Facility, can now launch […]

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  • US Green Bank Transactions on Track to Near $3 Billion

    Green Banks in the US have been powerful tools for driving capital into clean energy markets. CGC reviewed annual reports and transactions at nine US-based Green Banks from their inception through fiscal year 2017. At the end of 2017, these institutions participated in transactions representing more than $2.3 billion of cumulative clean energy investment. Nearly $1.7 billion […]

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  • DC Mayor Signs Green Bank Bill

    On Tuesday afternoon, Program Director Alex Kragie (center right in photo) represented the Coalition for Green Capital at the bill signing of the Green Finance Authority Establishment Act, which created a Green Bank for the District of Columbia. Mayor Muriel Bowser gave an inspirational talk about our obligations to affect climate action at the local […]

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  • Convergence supports CGC’s effort to establish first Green Bank in an emerging market

    TORONTO, 5 April 2018 – Convergence and ClimateWorks are partnering with the Coalition for Green Capital (CGC) and the Development Bank of Southern Africa (DBSA) to support the establishment of the Climate Finance Facility (CFF), which hopes to be the first “Green Bank” in an emerging market. The CFF will rapidly scale up private investments […]

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  • A Green Bank for the Garden State

    New Jersey’s new Governor-elect, Phil Murphy, has pledged to make the state a clean energy leader rivaling California and New York. He wants NJ to have a goal of 100% clean energy and wants the state to re-enter the RGGI regional cap-and-trade program. In addition, he recognizes the tremendous need for increased investment in infrastructure, […]

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  • NY Green Bank’s Path to Profitability

    Earlier this year, NY Green Bank reported that it was profitable for the first time in its history. This is a critical moment in the development of NY Green Bank, and an important marker in the Green Bank movement more broadly. NY Green Bank is the first Green Bank in the U.S. to generate positive […]

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  • On the Road to a South African Green Bank

    CGC staff spent the last week in Johannesburg, partnering with the Development Bank of Southern Africa (DBSA) on the formation of their new Climate Finance Unit based on a “Green Bank” model. The DBSA is a regional development bank, financing infrastructure projects across multiple countries in partnership with private lenders and international DFIs. Identifying the […]

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  • CGC Publishes Pennsylvania Clean Energy Market Reports

    CGC, along with our partner The Nature Conservancy (TNC), is delighted to announce the release of its new reports: the Pennsylvania Clean Energy Market Report and the Pennsylvania Energy Investment Partnership Report. The first report is an analysis of the Pennsylvania clean energy market landscape. It estimates that there is a largely untapped market potential of […]

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  • Sparking the Green Bank Movement

    Today the Connecticut Green Bank won the prestigious Innovations in American Government Award for 2017. Given annually by the Harvard Kennedy School’s Ash Center for Democratic Governance, today’s ceremony acknowledges what those in the Green Bank and clean energy finance world have seen for years – that Connecticut Green Bank sparked a Green Bank movement. […]

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