• 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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  • New CGC White Paper on Green Bank Best Practices

    The Coalition for Green Capital is excited to provide the latest and greatest thinking on the Green Bank concept in its new Green Bank White Paper! The concept of a Green Bank—a financing institution that leverages private capital into clean energy projects—has been around for a while. The Coalition for Green Capital (CGC) has been […]

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  • Value of Green Bank Model Visible in Connecticut Green Bank Deal

    The Connecticut Green Bank (CGB) recently closed on its biggest solar project financed to date—a 995 kW rooftop solar array was installed at Lesro Industries, a local manufacturer. This deal exemplifies the value of the Green Bank model. The CGB sits at the center of the clean energy finance market in Connecticut, and is tremendously […]

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  • Green Banks: New IRENA Reports Highlights the Role of Risk Mitigation in Climate Finance

    At the historic Paris climate summit in 2015, governments raised their level of climate ambition and agreed to hold global average temperature increases to well below 2°C above pre-industrial levels and to pursue efforts to limit temperature rise to 1.5°C. To achieve this goal, immediate, deep cuts in global carbon emissions are required. Shifting to […]

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  • The “Why?” Behind State Green Banks – Reed Hundt, CEO

     At CGC we often get asked about the benefits of Green Banks to states. Most people understand the need to increase investment in clean energy infrastructure, but what is it about the Green Bank model that is helpful for this goal? Why implement a Green Bank to address clean energy challenges locally? We’ve outlined a […]

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  • NY Green Bank’s Business Plan: On Track for Success

    The NY Green Bank recently submitted its 2016 Business Plan which showcased a strong year of performance and plan for the future. Taken together, NY Green Bank’s closed transactions are estimated to have increased renewable energy capacity by 128MW and saved up to 1 million MWh of electricity from efficiency measures. NY Green Bank’s current portfolio of […]

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  • 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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