• 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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  • 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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  • 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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  • 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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  • 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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