• Bill Would Create DC Green Bank

    The mayor of District of Columbia, Muriel Bowser, recently introduced legislation that would establish Green Bank for the District. The bill would create the “Green Finance Authority” as an instrumentality of the DC government to finance and promote the deployment of clean energy technology within the District. The Green Finance Authority will act as the DC Green […]

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  • CGC’s Resources Page: Full of Excellent Content

    As part of the redesign of CGC’s website, we have now posted many of CGC’s work products and presentations on our new Resources Page. This includes presentations delivered at conferences, lectures delivered at universities, and full Green Bank studies produced in partnership with various state governments. We’ve also linked to excellent Green Bank materials produced […]

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  • PRESS RELEASE: Nation’s First Local Green Bank Designated in Montgomery County, MD

    Yesterday, the nation’s first local Green Bank, the Montgomery County Green Bank, was designated as the County’s official Green Bank by the Montgomery County (MD) Council. The Montgomery County Green Bank will allow residents and businesses in Montgomery County to access low-cost financing for clean energy and energy efficiency projects. In response to the official […]

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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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  • 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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  • CGC Hosts Green Bank Academy

    The Green Bank Academy was a two-day event designed to help state energy and finance officials from around the country to learn about and discuss the establishment and coordination of state Green Banks. Leaders from over a dozen states at various stages of Green Bank development attended the Green Bank Academy. Speakers at the Green […]

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