Green bank information

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A green bank (sometimes referred to as a green investment bank, a state investment bank, a clean energy finance authority, or a clean energy finance corporation^[1]) is a financial institution, typically public or quasi-public, that employs innovative financing techniques and market development tools in collaboration with the private sector to expedite the deployment of clean energy technologies.^[2] Green banks use public funds to leverage private investment in clean energy technologies that, despite their commercial viability, have struggled to establish a widespread presence in consumer markets.^[3] Green banks aim to reduce energy costs for ratepayers, stimulate private sector investment and economic activity, and expedite the transition to a low-carbon economy.

In the United States, green banks have been established at the federal, state, and local levels. The United Kingdom, Australia, Japan, New Zealand, and Malaysia have all established national banks dedicated to leveraging private investment in clean energy technologies.^[4]^[5] Collectively, green banks around the world have facilitated approximately $30 billion in clean energy investment.^[6]

^ "Green Investment Banks: Scaling up Private Investment in Low-carbon, Climate-resilient Infrastructure". Oecd.org. May 2016. Retrieved 2016-07-21.
^ "Green Bank White Paper". Coalition for Green Capital. Archived from the original on 2019-04-04. Retrieved 2016-07-21.
^ U.S. Department of Energy. "Energy Investment Partnerships: How State and Local Governments Are Engaging Private Capital to Drive Clean Energy Investment"
^ Organization for Economic Cooperation and Development. "Green Investment Banks: Scaling Up Private Investment in Low-Carbon, Climate Resilient Infrastructure
^ "Members – Green Bank Network". Retrieved 2020-12-17.
^ "Impact – Green Bank Network".

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