Green Banks - US
Green banks are sprouting across America. Rhode Island just authorized its own public-private green and other infrastructure bank, joining Connecticut, New York, Hawaii, and California. In addition, a half-dozen other states are exploring how to leverage public money with private to finance low-carbon technology.
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http://www.brookings.edu/research/papers/2012/09/12-state-energy-investment-muro
State Clean Energy Finance Banks: New Investment Facilities for Clean Energy Deployment
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http://www.coalitionforgreencapital.com/
About CGC
The Coalition for Green Capital (CGC) is a 501(c)(3) organization whose mission is to establish green banks at the state, federal, and international levels in order to minimize greenhouse gas emissions and maximize the deployment of clean electricity and energy efficiency. CGC is headquartered in Washington, D.C.
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Sparking a Green Energy Movement
Imagine residents, businesses, communities and educators joining together to push for clean, renewable energy sources, in a dedicated effort to strengthen Connecticut’s economy, protect community health, improve the environment and promote a secure energy supply for the state.
Such a movement is already under way, spearheaded by the Connecticut Green Bank (formerly the Clean Energy Finance and Investment Authority). As the nation’s first full-scale Green Bank, we leverage public and private funds to drive investment and scale up clean energy deployment across the state. We offer incentives and innovative low-cost financing to encourage homeowners, companies, municipalities, and other institutions to support renewable energy and energy efficiency.
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http://www.edf.org/blog/2014/01/21/three-reasons-new-york-made-environmental-history-2013
In December, Governor Cuomo seeded a new clean energy effort by announcing the launch of a New York Green Bank with $210 million to advance the cause. This venture is intended to spark private clean energy investment and deployment, as well as grid modernization, by targeting market barriers to private financing of renewable energy and energy efficiency projects. The NY Green Bank will offer credit enhancement, loan bundling and other financial products to clean energy companies.
New York City - Green Bond Program
http://comptroller.nyc.gov/wp-content/uploads/documents/Green_Bond_Program_-September.pdf
The dire effects of climate change—from rising sea levels and drought to extreme storms and economic disruption—has focused worldwide attention on the need to make our planet more resilient and sustainable. In New York City, Superstorm Sandy’s wrath proved that the five boroughs are not immune from the effects of climate change.
Indeed, with 520 miles of coastline, a growing population, and aging infrastructure, our City is on the front lines of the climate battle, which poses challenges to our future prosperity and quality of life. Combating climate change requires leadership at every level of government—local, state, federal, and transnational. In New York City, this means making infrastructure investments targeted toward resiliency and sustainability that will pay substantial dividends in the future, as well as continuing to be a model for cities around the world in minimizing our carbon footprint.
This report details Comptroller Stringer’s plan to boost these critical infrastructure efforts through the use of innovative “Green Bonds,” which are issued to fund environmental mitigation and sustainability capital projects.
In short, Comptroller Stringer believes that a Green Bond program will benefit New York City in three ways: by expanding our investor base, creating a model program for other cities around the United States to follow, and encouraging a greener capital program.
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http://energy.hawaii.gov/wp-content/uploads/2011/09/GEMS-FAQs.pdf
The GEMS (Green Energy Market Securitization) Program is the State of Hawaii’s innovative green infrastructure financing program designed to make clean energy improvements affordable and accessible for Hawaii’s consumers. Governor Neil Abercrombie signed Act 211 on June 27, 2013 which authorized the creation of the GEMS program.
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http://www.treasurer.ca.gov/caeatfa/index.asp
California Alternative Energy and Advanced Transportation Financing Authority
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