DC Green Bank, Connecticut Green Bank, and the Inter-Tribal Trade Consortium Join as Partners
Partners In Hawaii, Louisiana, Rhode Island, Ohio, Maryland, Florida, Texas, Michigan, Colorado, Missouri, and Puerto Rico Have Already Been Announced
Washington, DC— The Coalition for Green Capital (CGC) today announced the formation of additional new strategic partnerships with local green banks and clean energy lending experts, including the DC Green Bank, Connecticut Green Bank, and the Inter-Tribal Trade Consortium (ITTC). The growing coalition is preparing to seek funding from the Environmental Protection Agency’s (EPA) Greenhouse Gas Reduction Fund (GGRF) to launch a nationwide green bank.
The EPA has made clear that the primary objectives of the 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.
“We are thrilled to welcome additional partners who will help us execute the nationwide green bank’s mission to deliver tens of billions in clean energy projects to low-income and underserved communities across the country,” said Eli Hopson, executive director and COO of Coalition for Green Capital. “Our growing coalition collectively boasts decades of experience facilitating public-private clean energy financing and is prepared to deliver over $13.5B in projects over the next several years. A centralized national entity, paired with this burgeoning network is best positioned to multiply the investment of the greenhouse gas reduction fund and ensure that communities facing the brunt of the climate crisis reap the benefits of this important work.”
“We believe that access to affordable capital and resources is key to accelerating the growth of the clean energy economy and we are committed to making sure that the benefits of that economy support the workforce of the future right here in the District while also delivering large-scale economic benefits to communities all-too-often left behind,” said Jean Nelson-Houpert, DC Green Bank Interim chief executive officer and chief financial officer. “The nationwide green bank will bring together the expertise and resources of the country’s leading green banks, community financial institutions, and clean energy investors and we are eager to contribute to this effort.”
“We are looking forward to the launch of the nationwide green bank and joining this robust network of green lenders and investors to deploy clean energy projects with a focus on underserved communities,” said Bryan Garcia, president and CEO of the Connecticut Green Bank. “The Connecticut Green Bank has deployed over $2.25 billion for clean energy projects, on average leveraging $7 in private capital for every $1 of public funds. The focus of the national green bank has always been on providing access to clean energy and green investment opportunities for underrepresented communities, and this partnership strengthens our ability to do so.”
“The nationwide green bank will multiply our ability to deliver clean energy projects to Tribal Nations and provide the technical support that will be needed to catalyze our transition away from fossil fuels,” said Bryan Porter, Shakohén:te’s and Benefactor of the Inter-Tribal Trade Consortium. “The greenhouse gas reduction fund represents a once-in-a-lifetime opportunity to stimulate billions in climate-conscious infrastructure and advance environmental justice for underserved communities, especially for Native Nations.”
CGC recently announced similar partnerships with 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).
The DC Green Bank provides access to capital, growing the clean economy to develop a more equitable, resilient, and sustainable Washington, DC. Their innovative financing solutions prioritize making the clean economy inclusive and affordable for DC residents, organizations, and businesses. DC Green Bank integrates and coordinates its financing with District initiatives, leading the way for DC to transition to a city that runs on 100% renewable energy, for a healthier, more resilient, and sustainable community.
The Connecticut Green Bank was established by the Connecticut General Assembly in 2011 as the nation’s first state-level green bank and has since supported the creation of more than 26,000 green jobs in the state, while reducing the energy cost burden on over 66,000 families, businesses, and nonprofits. The Green Bank’s vision is a planet protected by the love of humanity and its mission is to confront climate change by increasing and accelerating investment into Connecticut’s green economy to create more resilient, healthier, and equitable communities.
The Inter-Tribal Trade Consortium (ITTC) provides Native Nations with grant-writing, project management and other technical resources needed to access the billions of dollars appropriated to Tribal Communities by the federal government for clean/renewable energy, high-speed broadband and other infrastructure projects.
ABOUT COALITION FOR GREEN CAPITAL
The Coalition for Green Capital (@CGreenCapital) is a non-profit with a mission to halt climate change by accelerating investment in clean energy technologies and by advocating for, creating and implementing green bank institutions. 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 level in the U.S. and in countries around the world. For more information, visit: https://coalitionforgreencapital.com/.