A highly promising idea in clean energy finance is the concept of a “green bank” or “clean energy finance authority” that leverages limited public sector funds with private sector capital and provides a one-stop shop for clean energy financing.
The CEFC played a key role in helping to create and build Connecticut’s green bank (Clean Energy Finance and Investment Authority, or CEFIA), which has served as a model for other states that are contemplating or moving forward with their own green banks or similar organizations. For example, New York has announced plans to create a green bank.
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