Example Green Banks

Green Banks have been created all over the U.S. and the world. Explore the existing Green Banks listed below!


CGB logo The Connecticut Green Bank (CGB) was the first state Green Bank created in the U.S. After only five years of operation, the CGB has sparked $1 billion in total clean energy investment in the state. The CGB also administers the most successful commercial PACE program in the country.
Print Governor Cuomo announced the creation of NY Green Bank (NYGB) in 2013. NYGB works to motivate faster and more extensive private participation in the clean energy marketplace.
CA IBANK logo In 2014, California Green Bank legislation was introduced by Senator Kevin De Leon, and led to Governor Brown’s creation of the new California Lending for Energy and Environmental Needs (CLEEN) Center. The CLEEN Center sits within the state’s Infrastructure Bank, and it works to finance clean energy projects using public private partnerships.
RIIB The Rhode Island Infrastructure Bank (RIIB) was created in 2015 through bipartisan legislation. The legislation expanded the authority of the existing Clean Water Finance Authority to include the energy sector, and renamed the entity. RIIB’s first two roles are creating a centralized state-wide PACE administration, and creating a municipal building upgrade financing program.
DEP-logo-1 The Montgomery County Council unanimously passed Bill 18-15 in 2015, which called for the creation of an independent non-profit to serve as the County’s Green Bank. The Montgomery County Green Bank (MCGB) was incorporated and designated in 2016, and is the nation’s first county-level Green Bank.
HIGEMS The Hawaii Green Infrastructure Authority was created by Act 211 in 2013. The Hawaii Green Energy Market Securitization (GEMS) Program was created by the Green Infrastructure Authority and other agencies to provide innovative financing products that bring clean energy technologies to Hawaii ratepayers, particularly underserved ratepayers.
UKGIB-logo The UK Green Investment Bank (GIB) was created by the UK Government and capitalized with public funds. The GIB finances green projects on commercial terms to attract private capital into the UK’s green economy.
CEFC logo The Clean Energy Finance Corporation (CEFC) was created by the Australian Government and operates under the Clean Energy Finance Corporation Act 2012. The CEFC seeks to catalyze investment in emissions reduction.
Japan GFO-logo Japan’s Green Fund commenced operations in 2013. The Green Fund is governed by the Green Finance Organisation. The Green Fund is capitalized by proceeds from the national Climate Change Countermeasure Tax, a carbon tax established in 2012 on petroleum and coal consumption.
The Climate Access Fund (CAF) is a start-up Green Bank focused on low- and moderate-income community solar financing in Maryland. CAF is currently being incubated at CGC.