The Federal Green Bank Act of 2014 (Yale Center for Business and the Environment)

Green banks provide low-cost financing for clean energy projects in partnership with private investors. They reduce the cost of capital to lower the price of clean energy and leverage public dollars with greater private investment. In the United States, Connecticut and New York have green banks. Hawaii and Vermont have similar entities, and ten more states are considering green banks. To build on this movement, Congressman Chris Van Hollen introduced the Green Bank Act of 2014 to create a Federal Green Bank. In addition to financing clean energy projects, the Federal Green Bank would offer matching funds to capitalize state Green Banks. Panelists in this webinar explained the history and details of the legislation and discussed the growing interest in green banks in the United States.