The core value provided by green banks is similar whether at the scale of a city, county, state, or the entire country. Public dollars available for investment in green energy projects are limited, and it makes sense to maximize the impact of each dollar of investment in order to reduce greenhouse gases.
Cities are a part of the trend, with Green Banks in places like London, New York, and Washington D.C. Establishing a city-specific green bank is also not the only way for cities to participate in the green bank movement- cities can engage with state and county-level Green Bank institutions to invest in local projects.
Today, CGC Executive Director Jeff Schub will be speaking at the Clean Cities Renewable Power Procurement conference, discussing Green Banks as a tool to boost renewable energy and benefit local economies and communities.