Funds for Climate Focused Banking

What is happening? The federal Greenhouse Gas Reduction Fund has $27 billion to pour into green banks and financial institutions. States are also paying attention. New Mexico and Alaska are pushing to create their own state green banks.Green banks provide financing to support climate-friendly projects like energy savings and solar generation in residential and commercial buildings. Many state-level green banks have focused on low- to moderate-income communities, which have the greatest need for energy upgrades and the least access to financing.

Governing | ‘Green Banks,’ Poised for Billions in Climate Funds, Draw States’ Attention