• Basics of Green Bank Legislation & Structure

    Policymakers and stakeholders often ask CGC what it takes to create a Green Bank, and whether legislation is required to create a Green Bank. Though legislation is not necessary in all states, it is often used to create a new Green Bank financing entity. Legislation can define the mission of the Green Bank institution, name the source of capitalization, determine […]

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  • White House Expands Lending Program to Include State Green Banks

    The White House has announced a broad set of executive actions to further the deployment of clean energy that directly benefits state Green Banks. President Obama is using all the tools at his disposable within the federal government to support the financing and adoption of clean energy at the state and local level. This week’s […]

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  • Carbon Tax and the Theory of Second Best

    By Jeffrey Schub Paul Krugman wrote yesterday that a carbon tax would be an ideal “economics 101” policy solution to correct for the externality of carbon emissions. Krugman argues that, despite a carbon tax being the most efficient solution, “second-best” approaches that are less efficient will be the likely outcome. This need to settle for […]

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  • Give the Grid to Solar; Let Clean Energy Spread Like the Internet Did

    By Reed E. Hundt [1] Hope or heartbreak is at hand for everyone who believes America should show how to stop destroying the climate by burning coal to make electricity. On the side of hope, solar panel installers now offer homeowners a deal not to be refused: pay no money down, and buy about three-quarters of […]

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  • Green Bank Act of 2014: Why $50 Billion?

    After reading about the recently introduced Green Bank Act of 2014, one of your first questions might be, “Why $50 billion?” In short, $50 billion leveraged through a federal Green Bank just might be enough to finance the renovation of America’s power platform. The Connecticut Green Bank has achieved a leverage ratio of 10:1 meaning that […]

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  • Green Bank Act of 2014 Introduced

    Earlier today, Congressman Chris Van Hollen (D-MD) introduced the Green Bank Act of 2014 in the House. Cosponsors of the bill include House Representatives: Earl Blumenauer, Gerry Connolly, Elizabeth Esty, Jim Himes, Eleanor Holmes Norton, Jim Langevin, and Louise Slaughter. Senate cosponsors include Richard Blumenthal and Chris Murphy. The Green Bank Act of 2014 would […]

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  • Gina Raimondo Announces Plan for RI Green Bank

    CGC congratulates Rhode Island gubernatorial candidate Gina Raimondo on the announcement of a Rhode Island Green Bank as part of her state environmental policy plan! “With the reality of climate change we need to be increasing our efforts to make our state more energy efficient, reduce our dependence on fossil fuels and adapt to its […]

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  • The Cash for Coal Program

    A recent Guardian article ventures that a group of wealthy investors would need to invest $50 billion today to buyout and shut down all the private and public coal companies in the US (the Guardian). Alternatively, the cost to the investors would be far less than $50 billion if the investors were to purchase all […]

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  • CGC Hosts Green Bank Academy

    The Green Bank Academy was a two-day event designed to help state energy and finance officials from around the country to learn about and discuss the establishment and coordination of state Green Banks. Leaders from over a dozen states at various stages of Green Bank development attended the Green Bank Academy. Speakers at the Green […]

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  • Zero Capital Gains

    Zero capital gains and zero income tax should apply not only to small businesses, but also to all clean energy generation and energy efficiency investments. Like green banks, this policy could help drive much-needed capital to areas such as energy innovation, green infrastructure, and energy efficiency that will create jobs, minimize greenhouse gas emissions, and help […]

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