LPDD

Pathway 2.

Cross-Cutting Approaches to Reducing Emissions → Financing at the Grid Edge

2.5.10 Green Banks and Related SFOs

LPDD Recommendation: “State governments that have not done so should act to establish SFOs to lend directly or organize financing for decarbonization projects in their jurisdiction.”

LPDD Recommendation: “States and local governments should establish green banks or similar SFOs.”

LPDD Recommendation: “Existing state agencies and authorities, ranging from water and sewer authorities, to municipal utilities, to state treasurers, can often take on the task of sponsoring financing programs and serving some or all of the functions of an SFO.”

California CLEEN Center

States and State Governments
Sits within the state’s Infrastructure Bank, and works to finance clean energy projects using public private partnerships.

New York Green Bank

States and State Governments
Product offerings include warehousing and aggregation credit facilities, term loans and investments, credit enhancements, construction finance, and term loans and investments.

Connecticut Green Bank

States and State Governments
Since its inception, the Connecticut Green Bank and its private investment partners have deployed over a $1 billion in capital for clean energy projects across the state.

Proposed National Green Bank Act of 2019

Congress
Would establish a U.S. Green Bank to finance climate change mitigation and adaptation projects at the state and local level by capitalizing regional, state, and municipal green banks.

Proposed Green Bank Act of 2017

Congress
Would have established a U.S. Green Bank that provides financial support to assist regional, state, and local institutions finance clean energy or energy efficiency.

Proposed Green Bank Act of 2016

Congress
Would have established a U.S. Green Bank that provides financial support to assist regional, state, and local institutions finance clean energy or energy efficiency.