Washington, DC – The Coalition for Green Capital today announced it is growing its team as it prepares to seek funds from the Environmental Protection Agency (EPA) to establish a nationwide green bank. Joining CGC are Michael Hoffman, senior advisor; Michael Gergen, senior strategic advisor; Avi Das, senior director of investments; and Devin Case Ruchala, program director.
“I’m looking forward to working with CGC’s team of climate finance experts and engaging our broad coalition that includes an unparalleled network of green banks," said Michael Hoffman, senior advisor at CGC. “The nationwide green bank will be transformational for decarbonizing America and maximizing public-private investments for disadvantaged communities. I’m excited to get to work on this tremendous endeavor.”
Michael Gergen, senior strategic advisor at CGC said, “I'm excited to join CGC in creating a national green bank network that can catalyze investments at the national, regional, state, local, and community levels to reduce or avoid emissions of greenhouse gases and other forms of air pollution and lessen the energy, environmental and public health burdens borne disproportionally by low-income and disadvantaged communities.”
"I'm very excited to join the Coalition for Green Capital to assist in bringing about a National Green Bank,” said Avi Das, senior director of investments at CGC. “The opportunities today to make climate change investments to reduce GHGs and also strengthen our communities are tremendous and fundamentally necessary. I'm looking forward to working with the team to create the future our children deserve."
"I am excited to contribute my expertise in public banking, research training, background in community development finance, and passion for supporting the green economy to the Coalition for Green Capital and its advancement of the green banking movement," said Devin Case-Ruchala, program director at CGC.
The EPA has made clear that the primary objectives of the Greenhouse Gas Reduction Fund (GGRF) are to reduce greenhouse gas emissions, drive funds and projects in low-income and disadvantaged communities, and mobilize financing and private capital to stimulate additional deployment of resources.
In recent weeks, CGC The Coalition for Green Capital (CGC) has announced the formation of additional new strategic partnerships with local green banks and clean energy lending experts across the country. These partners include: the DC Green Bank; Connecticut Green Bank; the Inter-Tribal Trade Consortium (ITTC); Michigan Saves; Colorado Clean Energy Fund; Missouri Green Bank; Puerto Rico Green Energy Trust; Finance New Orleans; the Hawaii Green Infrastructure Authority (HGIA); CleanSource Capital; the Rhode Island Infrastructure Bank; Columbus Region Green Fund (CRGF); Solar and Energy Loan Fund (SELF); the Climate Access Fund; Clean Energy Fund of Texas; Growth Opportunity Partners, Inc.; and the Community Development Venture Capital Alliance (CDVCA).
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ABOUT COALITION FOR GREEN CAPITAL
The Coalition for Green Capital (CGC), doing business as the American Green Bank Consortium, is a 501(c)(3) chartered specifically to reduce greenhouse gas emissions and other forms of air pollution and redress climate and energy related environmental injustice. Green banks are a proven finance model that uses public and philanthropic funds to mobilize private investment in renewable energy, energy efficiency and other decarbonization technologies. For over a decade, the Coalition for Green Capital has led the Green Bank movement, working at the federal, state and local levels in the U.S. and countries around the world. For more information, visit: https://coalitionforgreencapital.com/.
