• Green Banks: New IRENA Reports Highlights the Role of Risk Mitigation in Climate Finance

    At the historic Paris climate summit in 2015, governments raised their level of climate ambition and agreed to hold global average temperature increases to well below 2°C above pre-industrial levels and to pursue efforts to limit temperature rise to 1.5°C. To achieve this goal, immediate, deep cuts in global carbon emissions are required. Shifting to […]

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  • The “Why?” Behind State Green Banks – Reed Hundt, CEO

     At CGC we often get asked about the benefits of Green Banks to states. Most people understand the need to increase investment in clean energy infrastructure, but what is it about the Green Bank model that is helpful for this goal? Why implement a Green Bank to address clean energy challenges locally? We’ve outlined a […]

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  • NY Green Bank’s Business Plan: On Track for Success

    The NY Green Bank recently submitted its 2016 Business Plan which showcased a strong year of performance and plan for the future. Taken together, NY Green Bank’s closed transactions are estimated to have increased renewable energy capacity by 128MW and saved up to 1 million MWh of electricity from efficiency measures. NY Green Bank’s current portfolio of […]

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  • Clean Energy Financing News Roundup – 7/11/2016

    New Program Provides Property Assessed Clean Energy Financing for Home Improvements in Kansas City Area “Renovate America, the leading provider of residential Property Assessed Clean Energy (PACE) financing in the U.S., and the Missouri Clean Energy District (MCED) today announced a recruitment effort to register local contractors to offer new kinds of financing for Missouri […]

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  • Recent NY Green Bank Deals Show Value of Flexible Financing

    Last week, the New York Green Bank announced it will provide $25 million in working capital to Sunrun, one of the nation’s leading residential solar companies. The NY Green Bank estimates this will accelerate the construction of 5,000 solar projects in New York. The deal comes on the heels of the announcement last month that the […]

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  • Clean Energy Financing News Roundup – 7/5/2016

    NY Green Bank Announces Closing of $25 Million Loan to Accelerate Investment Residential Solar Installations Across the State “NY Green Bank today announced the closing of a $25 million loan for Sunrun Inc., which will accelerate construction of more than 5,000 solar projects at homes across New York State. This loan complements a separate $25 […]

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  • A National Green Bank in 2017

    The successful state-level Green Banks may be getting a national sibling in 2017. If elected, Secretary Hillary Clinton has pledged to create a $25 billion national infrastructure bank. The bank would fund projects of “regional and national significance” with an emphasis on “projects to modernize our energy, water, broadband, and transportation systems.” Clinton recently vowed […]

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  • OECD and Green Bank Network Announce New Publication and Green Finance Conference at Clean Energy Ministerial Event

    Yesterday in San Francisco, global leaders in the field of innovative clean energy finance gathered in advance of the 7th Clean Energy Ministerial. The event brought together policymakers, practitioners and thought leaders on Green Banks and Green Bonds. The forum was hosted by the U.S. Department of Energy, and featured the Organisation for Economic Co-operation and Development […]

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  • Green Banks, Greening Banks and the Sustainable Financial System

    By Andrea Colnes and Stacy Swann – Coalition for Green Capital & Climate Finance Advisors We are in the second week of the UN Climate Summit in Paris, and while we wait for the negotiators to finish their hard work, private sector and finance continue to show they are ready and prepared to increase their […]

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  • CGC Forming Global Green Bank Network to Drive Investment

    In work related to COP 21 in Paris, the Climate Policy Initiative (CPI) called for use of a systemic platform across the financial system to support creative collaboration to expand innovation in climate finance. This call for building a coalition across the financial system and coordinating efforts through a systemic platform is identified in CPI’s The […]

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