Friday, February 14, 2014

Green Banks Can Multiply the Impact of Clean Energy Financing | Clean Energy Finance Forum

 Clean Energy Finance Forum is a newsletter that has popped up this year, with many interesting articles on the topic.  I encourage everyone to check them out!



Last Friday, the Clean Energy Finance Forum spoke with Reed Hundt, CEO of the Coalition for Green Capital, which has led the movement to create green banks in the United States during the last several years. Green banks are financial institutions that use public funding to leverage private financing of clean energy.

Hundt said it is urgent for states to start green banks to finance clean energy as they move away from coal and toward meeting their renewable energy standards. He said green banks can multiply financing resources by a factor of 10.

To build momentum for the creation of green banks, the Coalition for Green Capital is hosting the Green Bank Academy in Washington, DC on Feb. 6 and 7. The academy is a program that invites selected state energy and finance officials to learn how to establish and manage green banks.

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