• Senator Chris Murphy and Senator Richard Blumenthal Call for National Green Bank

    Yesterday, Senator Chris Murphy (D-CT) and Senator Richard Blumenthal (D-CT) led a roundtable discussion of the National Green Bank Act of 2016. The senators are two of the co-sponsors of the legislation, alongside Senator Sheldon Whitehouse (D-RI). Representative Chris Van Hollen (D-MD) has been the lead sponsor in the House of Representatives. The session was […]

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    Green Back Act 2016 Introduced in Senate

    The Green Bank Act of 2016 was introduced in the Senate today by Senators Murphy (CT), Blumenthal (CT), and Whitehouse (RI). The Act would create a $50 billion national Green Bank that would provide capital to state and local Green Banks to finance clean energy projects that save money for consumers and businesses. The national […]

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  • New Paper: Competition as Means of Building the Clean Power Platform

    Yesterday, the Coalition for Green Capital joined energy leaders at a Stanford Woods Forum to discuss climate priorities for the next presidential administration. Our CEO Reed Hundt presented a paper on “Competition as the Means to Building the Clean Power Platform.” The paper applies lessons from the deregulation of telecoms to unlocking innovation and clean […]

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  • National Green Bank and Infrastructure Bank Meet Different Goals

    A National Infrastructure Bank, once called “the next best idea for the past 25 years,” looks like it may soon become a reality. Infrastructure has received considerable attention this election season, and Hillary Clinton has unveiled her plans for a $25 billion National Infrastructure Bank. The recently introduced Green Bank Act of 2016 has sparked […]

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  • Reducing Transportation Emissions with Electric Vehicles, Chargers – Reed Hundt, CEO

    EVs, CAFE Standards, Gas Tax, Public Transportation The right goal for reducing the greenhouse gas (GHG) emissions in the transportation sector can be explained in a formula: (GHGs/Gas-Powered Mile) x Total Gas-Powered Miles = Total GHG. There are three ways to reduce total GHG in the transportation sector: CAFE Standards increase the gas-powered miles that come from […]

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  • Federal Policy Boosts EVs, Financing Still Needed

    Last week the White House announced an exciting new set of initiatives to accelerate electric vehicle (EV) adoption in the United States. The federal government, working in partnership with state and local governments and the private sector, will take action to increase the number of EVs on the road and, just as importantly, increase deployment […]

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    Green Bank Act is Opportunity for States

    As we reported earlier, Rep. Chris Van Hollen has introduced the Green Bank Act of 2016 in Congress. Sen. Chris Murphy intends to introduce companion legislation later this session in the Senate. (Update 9/22/16: the Senate bill has been introduced). At the request of Sen. Murphy and Rep. Van Hollen, CGC provided advice on bill. We believe […]

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  • PRESS RELEASE: New Congressional legislation would create a National Green Bank

    FOR IMMEDIATE RELEASE: 7/20/2016 WASHINGTON, DC: Rep. Chris Van Hollen (D-MD) has introduced H.R. 5802, the United States Green Bank Act of 2016, which establishes a National Green Bank to provide financing to regional, state, and local Green Banks. Seven Democratic representatives are co-sponsoring the bill: Earl Blumenauer (OR), Matt Cartwright (PA), Gerry Connolly (VA), […]

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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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  • 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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