• 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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  • 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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