2.4.1 Green Banks

LPDD Recommendation: “Congress should establish a national green bank.”

LPDD Recommendation: “Local governments and state legislatures that have not already authorized green banks should do so.”

Proposed CLEAN Future Act (2020)

A 622-page economy-wide climate bill with provisions on power, transport, buildings, financing, and more released by the House Committee on Energy and Commerce.

DC Green Bank

Aims to attract private capital at a ratio of at least 5 private dollars to every 1 dollar of public investment, use bonding authority to increase capacity, accelerate lending, and recapitalize funds, and be a breakeven entity.

Montgomery County, MD Green Bank

An independent non-profit, the Montgomery County Green Bank was incorporated and designated in 2016, and is the nation’s first county-level Green Bank.

Rhode Island Infrastructure Bank

RIIB’s first two roles are creating a centralized state-wide PACE administration, and creating a municipal building upgrade financing program.

California CLEEN Center

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

New York Green Bank

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

Connecticut Green Bank

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.