Topic: Green Banks

Green Banks Articles

US Legislators Will Consider Green Banks

The presidential election of Donald Trump complicates the potential of the United States Green Bank Act (H.R. 5802, S. 3382). The act, sponsored by Senator Chris Murphy (D-CT) and Representative and Senator-Elect Chris Van Hollen (D-MD), is intended to offer additional financial structures to deploy clean energy and energy efficiency across the nation in the face of climate change.

New York Debates How to Finance Low-Income Solar

In most of the United States, low-to-moderate-income (LMI) communities have little to no voice about how solar energy can bring jobs and economic stability. New York is an exception. The state held an extended dialogue on this subject this year through the CDG Low-Income Collaborative. Although the New York Public Service Commission (NYPSC) dismissed the committee’s recommendations, New York State Energy Research and Development Authority (NYSERDA) decided to put some of them in place.

Connecticut’s C-PACE Program Is Picking up Speed

Clean energy finance in Connecticut just got a major boost. On Dec. 17, Hannon Armstrong agreed to provide up to $100 million in funding for the Connecticut Green Bank’s C-PACE (Commercial Property-Assessed Clean Energy) program. The deal represents a major milestone for an initiative that has already funneled upwards of $70 million toward renewable energy and energy efficiency.

Green Bank Network Aims for Global Clean-Energy Investment

How can green banks collaborate internationally to scale up private financing to meet the challenge of climate change? A new international organization, the Green Bank Network, hopes to lead the way. During the Paris climate conference, six green banks and two nonprofit organizations jointly announced the opening of the network on Dec. 7. The network will accelerate clean energy installations and mobilize private investments worldwide.

A Tale of Two Green Bank Bills

Guess which part of the United States is so motivated to put a green bank in place that two legislative bills are competing to do the honors? It’s Massachusetts, which is considering two proposed green banks that would be very different from one another. “I’m hopeful,” said State Rep. Paul Mark (D-Peru), sponsor of House Bill 3532 . “If it doesn’t pass, we’ll file it again next session.” Mark spoke to a packed room at Western Mass Green Consortium’s Holiday Season Green Night Party on Dec. 9 in Northampton. He said he has sent a letter of support for the...

Citi Suggests Global Climate Investment Goals

On the surface, Citi’s recommendations of global climate investment goals, published in August in the report “Energy Darwinism II: Why a Low Carbon Future Doesn’t Have to Cost the Earth,” look deceptively simple. But a closer look at the patchwork of international regulations, legislation, and carbon markets reveals that financing clean energy in developing nations may be quite challenging to accomplish.

The Science of Acceleration: Reflections on Solar Marketing

This blog post, which describes a joint research project involving Yale University, was originally published on the website of Yale Center for Business and the Environment. On April 15, students and professors from Duke University and Yale University met with executives from SmartPower and the Connecticut Green Bank. We gathered around a very large table in the basement of Kroon Hall at Yale University. This was the final meeting of a five-year campaign – the Solar Energy Education and Diffusion Study (SEEDS) , a Department of Energy-funded research program. Since 2010, 58 Connecticut towns have participated in five rounds of...

Citi Director Outlines Progress and Hurdles in Financing Clean Energy

What do leaders in the banking industry think about the potential of privately financing solar power, wind energy, and energy efficiency? In this interview, Michael Eckhart, managing director and global head of finance and sustainability at Citigroup, shares his optimism about the transition to clean energy and his observations about the persistent obstacles in the market – including the need to scale up financing for energy efficiency.

Kauffman Reflects on Launching Green Bank and Animating Markets in NY

Last Monday, the Clean Energy Finance Forum spoke with Richard Kauffman, chairman of energy and finance for New York and chairman of the New York State Energy Research and Development Authority (NYSERDA). This conversation offers a close-up look at the process of creating the NY Green Bank (NYGB) and the broader initiative to transform energy policy and markets to achieve economic and environmental benefits.

Three Strategies for Low-Income Solar Programs

The phrase ‘low-income’ rarely appears in solar energy press coverage in the United States. But some enterprising organizations have set their sights on expanding the market for residential solar photovoltaics to include low-to-moderate-income communities. Three approaches – group discount programs, affordable leases, and community solar installations – are making solar power available to these communities in some states.