LPDD

Pathway 2.

Cross-Cutting Approaches to Reducing Emissions → Financing Large-Scale Projects

2.4.2 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.”

The Inflation Reduction Act

Congress
Wide-reaching law touching on myriad sectors and sources of emissions, and, according to most estimates, makes the goal of reducing economy-wide emissions 40% over 2005 levels by 2030 attainable.

Proposed CLEAN Future Act (2020)

Congress
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

Local Governments
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

Local Governments
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.