• To Cross the Clean Energy “Valley of Death,” Technology Innovation is Only Half the Battle

    To read more about innovation and the role of green banks, see our other post on CEDA. Those who want to address climate change often debate whether the technologies necessary to solve this crisis already exist today. This, in turn, informs the question of what role the government should play to support technology innovation. No […]

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  • Energy Innovation Leaders Want to Revive CEDA; Climate Bank is the Solution

    Last week, the American Energy Innovation Council (AEIC) called for the creation of a new federal financing entity to support the deployment of innovative clean energy technologies, similar to the Clean Energy Deployment Administration, the first national green bank originally proposed in 2009. The AEIC is a group of 11 corporate leaders, including Bill Gates […]

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  • BlackRock’s Letter on Climate Risk and the National Climate Bank

    Last month, Larry Fink, the Chairman and CEO of BlackRock, wrote in his annual letter to CEOs of the world’s largest companies that BlackRock would “place sustainability at the center of our investment approach.” As the letter implies, this may well be a turning point for how capital is invested, and for that BlackRock deserves […]

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  • Webinar Highlights Mission-Driven Investment via Green Banks

    CGC’s Deputy Director Jill Bunting was a moderator and panelist for Confluence Philanthropy’s “Investing in Domestic Clean Energy Projects 101” webinar on January 28. The webinar also featured Curtis Probst, Co-CEO at NYCEEC and Aaron Seybert, Managing Director at the Social Investment Practice of The Kresge Foundation. The conversation focused on the structures available to mission-driven […]

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  • CAP Calls for Climate Bank to Address Climate Disasters

    A new article from the Center for American Progress calls for the creation of a National Climate Bank to equitably address climate disasters: “Congress should also create a National Climate Bank to drive public and private investment into renewable energy, clean transportation, and community resilience projects, particularly in front-line communities such as economically disadvantaged communities, […]

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  • Two More Governors Take Lead on Green Banks

    In the just the last few weeks, two more governors announced plans to create green banks and dedicated clean energy finance capacity in their states. Governor Gavin Newsom in California and Governor Phil Murphy in New Jersey both kicked off new efforts to use public capital to spark more private investment to reduce greenhouse gas […]

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  • New CGC White Paper: Federal Financing via Independent Institutions

    The National Climate Bank proposed in recent legislation is designed as an independent nonprofit institution that will be empowered to invest $35 billion in federal funds, while also mobilizing private capital. This design and approach brings unique advantages compared to funding programs directly through government agencies, and there are a number of precedents that show […]

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  • CGC Statement on E&C Legislative Framework

    Press Release: Jan. 8, 2020. Today leaders from the House Energy and Commerce Committee previewed a legislative framework designed to ensure a 100 percent clean energy economy by 2050. The framework included the creation of a National Climate Bank to invest in a rapid, affordable, and equitable clean energy transition. The following statement comes from […]

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  • CGC in the News: Jeff Schub in CleanTechnica

    In a new CleanTechnica interview, CGC Executive Director Jeff Schub explains how a National Climate Bank will build on the track record of success already established by state and local green banks, and accelerate the clean energy transition. “State and local green banks have already mobilized billions of dollars into clean energy projects, proving that […]

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  • CGC Statement on the Warren Plan to Create Green Jobs

    Today Sen. Elizabeth Warren released a Plan to Create 10.6 Million Green Jobs, which includes a green bank modeled on the National Climate Bank Act. The following statement comes from Jeffrey Schub, Executive Director of the Coalition for Green Capital: “Green banks across the country have shown how to accelerate clean energy investment. We absolutely […]

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