Washington, DC— The Coalition for Green Capital (CGC) released the following statement today in response to an update announced by the Environmental Protection Agency regarding the $27B Greenhouse Gas Reduction Fund:
Reed Hundt, chairman of the board and chief executive officer of CGC, said, “We congratulate EPA on extremely useful and laudable clarification of its intentions for awarding funds under the Greenhouse Gas Reduction Fund. We are pleased that the importance of national green banking is clearly at the heart of the agency's plans. We look forward to working with all interested parties in providing comments to the Agency as requested, and collaboratively and expeditiously transforming the energy landscape in every community in America."
“EPA has taken a critical, positive step towards the successful implementation of the Greenhouse Gas Reduction Fund through the aligned National Climate Investment Fund, a transformative national program that will harness the power of private finance and the Clean Communities Investment Accelerator, which will support the establishment and expansion of a distributed network of local community lenders,” said Eli Hopson, executive director and chief operating officer of CGC. "We look forward to working with the Agency to maximize the goals of reducing greenhouse gas emissions and other air pollutants, delivering benefits to American communities, particularly low-income and disadvantaged communities, and mobilizing financing to increase the scale of deployment."
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/.