Coalition for Green Capital

“Adding Enervee as a strategic partner will greatly enhance the Coalition’s ability to serve millions of low and moderate-income households” said Eli Hopson, executive director and COO of Coalition for Green Capital.

Coalition for Green Capital and Enervee Announce Strategic Partnership in Support of National Green Bank Network - Coalition for Green Capital Growing Network Prepares to Apply for EPA Funding to Deliver Clean Energy Projects in Low and Moderate-Income Communities Enervee Provides Accessible...

Green banks currently operate in 28 states, Puerto Rico, and Washington, DC, with more on the way!

Green banks across the country employ more than 700 people.

Green banks have caused $14.5 billion in clean energy investments since 2011.

Green banks last year caused over $1B in clean energy projects for low-income and disadvantaged communities.

In 2022, green banks caused $4.64 billion in clean energy investments.

“MN has both ample opportunity for green bank investment and ample need, particularly in rural, tribal, and low-income areas…This is a gold standard bill with robust consumer protection and accountability standards.”

Minnesota Considers Green Bank Legislation As EPA Prepares to Make Federal Clean Energy Investments - Coalition for Green Capital As the Environmental Protection Agency (EPA) prepares to award $27 billion from the Greenhouse Gas Reduction Fund (GGRF), several states are...

SELF Great News Roundup Q2 Highlights Climate Leadership in the South and Beyond       Great News Roundup Q2 Highlights FY23   SELF's Leadership in the South, LMI Communities highlighted in partnership with Coalition for Green Capital The

“To scale the public-private concept to every state, EPA needs to continue to administer the award of the GGRF funds, and HR 1 should be stopped in its tracks.”

Coalition for Green Capital Responds Following Vote to Repeal Greenhouse Gas Reduction Fund - Coalition for Green Capital Washington, DC— Reed Hundt, chairman and CEO of the Coalition for Green Capital, released the following statement today in response to the...

"We urge Members of Congress to recognize the GGRF’s vast potential to deliver benefits for everyone and to reject H.R. 1, which would undermine this program before it even has the chance to yield results."

CGC Joins Letter Urging Congress to Reject Legislation Repealing the Greenhouse Gas Reduction Fund - Coalition for Green Capital The Coalition for Green Capital signed on to a letter from environmental organizations urging Democratic lawmakers to reject HR 1, The...

"The Coalition for Green Capital announced this week that since 2011, cumulative public-private investment caused by green banks has surpassed $14.85 billion. It’s time for Minnesota to get on the train."

Here's how we can equitably fund Minnesota's transition to a carbon-free system - Minnesota Reformer To achieve a carbon free energy system is going to require a massive lift from all sectors of society.

The latest edition of the CGC newsletter features the Solar and Energy Loan Fund - SELF.

SELF this year reached a significant milestone: they deployed more than $30 million in financing for green home upgrades, with 74% going to low and moderate-income populations –and 60% to those with low credit scores.

CGC and SELF recently announced that SELF joined a growing consortium of clean energy lenders and investors seeking to leverage funds from the Environmental Protection Agency’s Greenhouse Gas Reduction Fund to launch a nationwide green bank.

SELF Leads Climate Resiliency Efforts Across The South - Coalition for Green Capital The Solar and Energy Loan Fund (SELF) recently reached a significant milestone: they deployed more than $30 million in financing for green...

Today we announced that the American Green Bank Consortium caused a record amount of green investing in 2022: $4.64 billion.

Of that amount, $1.2B was caused in low-income communities last year. Since 2011, the Consortium has caused nearly $15B in investment.

“The spectacular 2022 record of the American Green Bank Consortium proves the viability of the public-private engine as a driver of GHG reduction, air pollution reduction, environmental remediation, and end-user benefits,” said Reed Hundt, CEO and chairman of the board of CGC. “The focus on low and moderate-income communities shows that our Consortium partners know how to benefit the communities most severely impacted by environmental damage. On this track record, we are more confident than ever that we can present the Environmental Protection Agency with a compelling case to be a national green bank fully capitalized by the Greenhouse Gas Reduction Fund.”

Read the annual report here: https://coalitionforgreencapital.com/new-report-american-green-bank-consortium-partners-caused-record-4-6b-in-investment-in-2022/

“They are called green banks and there are 23 of them across the country, including one in Cleveland. And their mission of delivering clean energy to disadvantaged communities just received a huge financial boost.”

Cleveland-based green bank in line for federal dollars to fight climate change in disadvantaged communities

Duanne Andrade, executive director at St. Lucie County-based Solar and Energy Loan Fund - SELF, said her company structures loans around what people are able to pay and boasts a nearly 99% repayment rate since it launched in 2010.

“What we understand is that, especially in low and moderate-income markets, you need to provide low-interest capital, mostly unsecured, that people can afford to pay that can take them on a transition to clean energy in a step-by-step process,” she said.

Need a new roof or impact windows but don’t have the cash? Explore these options Skyrocketing insurance premiums, energy costs and hurricane risks have made routine improvements to Florida homes — like new roofs, impact windows and doors and upgraded AC units — more necessary than ever before.

CGC announced new partnerships with green banks in Michigan, Colorado, Missouri & Puerto Rico.

The coalition anticipates an initial pipeline of clean energy projects valued at $13B in public-private dollars over the next several years

“We are continuing to forge strong partnerships with organizations that are at the forefront of financing clean energy and supporting low- and middle-income communities in their states,” said Eli Hopson, executive director and COO of Coalition for Green Capital.

“Michigan Saves has a track record of serving low- to moderate-income residents in our state, and we look forward to collaborating with the CGC to continue to bring affordable clean energy options to our communities,” said Mary Templeton, president and CEO of Michigan Saves.

“We welcome the opportunity to work with the CGC and its partners to advance the goal of a nationwide green bank and provide affordable and equitable lending options to businesses and residents across our state,” said Paul Scharfenberger, CEO of Colorado Clean Energy Fund.

“Missouri Green Bank is committed to working with CGC and its clean energy lending partners to ensure that we are fulfilling our national potential to fund sustainable development and support communities in need,” said David Pickerill, executive director of the Missouri Green Bank.

“With the support of CGC and the national green bank, we will be able to enhance our impact in Puerto Rico’s local communities,” said Francisco Berríos, Chair of the Puerto Rico Green Energy Trust.

Green Banks in Michigan, Colorado, Missouri, and Puerto Rico Enter Partnership Agreements with Coalition for Green Capital - Coalition for Green Capital Partners In Hawaii, Louisiana, Rhode Island, Ohio, Maryland, Florida, Texas, Have Already Been Announced Washington, DC— The Coalition for Green Capital (CGC)...

"The CT Green Bank is also integrating the voices and experiences of those most impacted by climate change through thoughtfully designing solutions and creating pathways for those most impacted to participate in the new green economy."

Opinion: Promote climate justice and end environmental racism YWCA Greenwich hosts community leaders for panel discussion on “Climate Justice In...

CGC hosted a discussion with members of the American Green Bank Consortium, including Clean Energy Fund of Texas, Colorado Clean Energy Fund, and Solar and Energy Loan Fund - SELF. The panel discussed establishing and structuring green banks, touching on questions surrounding sources of funding, forming partnerships, green bank governance, leveraging capital from the Greenhouse Gas Reduction Fund (GGRF) and the possibility of a national green bank.

Establishing and Governing Green Banks: A Discussion with American Green Bank Consortium Members The Coalition for Green Capital hosted a discussion with members of the American Green Bank Consortium, including Clean Energy Fund of Texas, Colorado Clean ...

CGC’s Environmental Justice Advisory Board released the following statements on the EPA’s announcement this week about the Greenhouse Gas Reduction Fund.

Reed Hundt, chairman and CEO of the Coalition for Green Capital, released the following statement today in response to the Environmental Protection Agency’s Greenhouse Gas Reduction Fund program design announcement:

Today we announced new partnerships with Finance New Orleans and the Hawaii Green Infrastructure Authority. This collaboration will bolster the national green bank’s impact on local communities and strengthen our nationwide coalition of clean energy community lenders.

“Our new partners are ready to deliver on a pipeline of projects valued at nearly $4B in public-private funding. These entities know their local communities and will help ensure the delivers immediately – especially in underserved communities,” said Eli Hopson, executive director and COO of CGC.

“This partnership will allow us to collaborate with green lenders across the country, share best practices and ultimately maximize the investment of the ,” said Damon Burns, president and CEO of Finance New Orleans.

“This new partnership is an opportunity to accelerate our transition to the clean power platform & make much-needed investments in frontline communities that have long faced the harshest consequences of the climate crisis,” said Gwen Yamamoto Lau, executive director of the HGIA.

“The long-awaited [green bank] program — included in the Senate climate deal — would provide financing to low-income communities and households for heat pumps, rooftop solar, electric cars and other clean energy projects.”

E&E News: 'Green bank' would pour $27B into local energy projects The long-awaited program — included in the Senate climate deal — would provide financing to low-income communities and households for heat pumps, rooftop solar, electric cars and other clean energy projects.

"The green bank ‘will serve as a force multiplier for the development and deployment of green technologies, with an emphasis on environmental justice communities,’ said Senator Chris Van Hollen."

Green Bank, Environmental Equity Among Climate Deal’s Winners The launch of what would be the first U.S. green bank to help communities largely left behind by the clean energy revolution is back on track under a Senate climate deal that contains $60 billion in new environmental justice funding.

The Baltimore-based green bank “works almost exclusively to bring community solar, in which multiple people share the energy produced by an off-site solar farm, to low-income households.”

Green banks gain ground in liberal communities struggling to turn climate pledges into action In the face of rising urgency around the climate crisis, nonprofits that help private entities pay for sustainability initiatives have drawn increasing traction across the country, especially in liberal areas such as Maryland's Montgomery County.

Exciting news! We have formed partnerships with Clean Energy Fund of Texas, Growth Opportunity Partners, Inc., and Community Development Venture Capital Alliance (CDVCA) to build upon our national coalition of over 30 green banks and lenders addressing the climate crisis by financing clean energy projects in local communities.

“With our new partners, we anticipate an initial pipeline of projects with a total valuation of more than $2B in public-private dollars over the next several years,” said Eli Hopson, executive director and COO of CGC.

“With the creation of a , we, along with other green banks, CDFIs & community lenders will be positioned to deliver the most significant clean energy investments of our lifetimes,” said Stephen Brown of the Clean Energy Fund of Texas.

“Growth Opps has a strong record collaborating with banks, governments, municipalities, philanthropy, and the private sector to fill the gaps where capital markets have failed underserved and disadvantaged persons and communities,” said Michael Jeans of Growth Opps.

“We welcome the opportunity to partner with CGC and join the broad network of green lenders and investors to deliver much-needed capital to communities most impacted by the climate crisis,” said Kerwin Tesdell of CDVCA.

Coalition for Green Capital Announces Partnership with Clean Energy Fund of Texas, Growth Opportunity Partners and Community Development Venture Capital Alliance - Coalition for Green Capital “With Our New Partners, We Anticipate an Initial Pipeline of Projects With a Total Valuation of More Than $2B in Public-Private...

The DC Green Bank ”has provided nearly $1.8 million in loans for low-to-moderate-income households in Wards 4, 6 and 7 to transition to solar power and is in conversation with the city’s historically Black churches to discuss collaboration.”

Green banks gain ground in liberal communities struggling to turn climate pledges into action In the face of rising urgency around the climate crisis, nonprofits that help private entities pay for sustainability initiatives have drawn increasing traction across the country, especially in liberal areas such as Maryland's Montgomery County.

Green banks have become “vehicles for bridging inequities, focusing their investments in underserved communities that have suffered the effects of climate change.”

Green banks gain ground in liberal communities struggling to turn climate pledges into action In the face of rising urgency around the climate crisis, nonprofits that help private entities pay for sustainability initiatives have drawn increasing traction across the country, especially in liberal areas such as Maryland's Montgomery County.

Green banks are "more effective than one-time government grants because they operate like private-sector infrastructure funds: The loans they make are repaid and can be used to back new projects.”

Inflation Reduction Act’s $27 Billion in Green Funds Could Spur Private Investment The Inflation Reduction Act includes money for green banks that help funnel funds into renewable projects, giving a boost to private lenders that can invest alongside them.

Energize Delaware has rolled out the Solar for School Districts Grant Program, awarding up to $1.5M to install solar energy for Delaware public schools.

Energize Delaware announces $15 million in grants for solar at public schools - Delaware Business Now Energize Delaware has rolled out a Solar for School Districts Grant Program. Schools may use grants for feasibility studies, installation, array components and the cost of utility upgrades. The school must be within a Delaware public school district and will will require a feasibility stud

"'Everybody is interested in green banks now,' said Reed Hundt, CEO of the Coalition for Green Capital, a climate-focused nonprofit that has spearheaded such efforts across the country. '[The federal funding] is adding a lot of oomph. Nobody should get left out.'”

'Green Banks,' Poised for Billions in Climate Funds, Draw States' Attention These banks provide financing for projects from efficient appliances to solar panels.