Green Banks in the United States have generated more than $5 billion of total investment since 2011, according to the 2020 US Green Bank Annual Industry Report.
The report was produced by the American Green Bank Consortium – a project of the Coalition for Green Capital.
The report found that 2019 was the biggest year for US Green Banks ever, with over $1.48 billion in investment caused last year alone. Other key findings from the report include:
- A Clean Energy Jobs Fund, as envisioned in the National Climate Bank Act of 2019 and supported by 7 out of 10 US voters, would create over 5 million new jobs by capitalizing an independent, nonprofit Clean Energy Jobs Fund with $35 billion
- Since 2011, every dollar of public investment in green banks has resulted in $3.60 of total investment into local clean energy economies
- The three major growth areas for green banks in the United States are low- and moderate-income lending, resilience lending, and energy storage lending
View the full report here