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Green Banks and the IRA: How States Can Leverage Funding for Climate Action -Oct 20

  • 1.  Green Banks and the IRA: How States Can Leverage Funding for Climate Action -Oct 20

    Posted 10-12-2022 16:15
    Climate XChange Webinar: Green Banks and the Inflation Reduction Act
    Just learned about this webinar from a colleague.

    "Among the many pro-climate funding mechanisms in the Inflation Reduction Act (IRA) is $20 billion for the creation of a national, nonprofit green bank, and $7 billion specifically for state, local, and tribal governments' own clean power investments. Green banks are nonprofit institutions designed to provide and leverage capital to accelerate the transition to clean energy and mitigate climate change, and there are currently 23 sub-federal green banks across 17 states.

    The IRA's allowances for green banking will facilitate direct and indirect investments into emissions reductions projects, especially in underserved communities, and states will play a huge role in allocating funds. In states with or without existing green banks, climate policy actors must understand how the IRA affects state-level clean power financing institutions.

    Joining us to explore the IRA's impacts on sub-federal green banks, including both state-funded and independent nonprofit institutions, are Henry Litman, Senior Director at Coalition for Green Capital, Bryan Garcia, President and CEO of the Connecticut Green Bank, and Duanne Andrade, CFO of the Solar Energy Loan Fund in Florida. Register today!"



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    Debra Coleman
    Sun Plans
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  • 2.  RE: Green Banks and the IRA: How States Can Leverage Funding for Climate Action -Oct 20

    BPA Staff Member
    Posted 10-12-2022 16:44
    Thanks for sharing this @Debra Coleman. I've cross-posted it to the Inflation Reduction Act Resources.

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    Diane Chojnowski
    BPA Connections Community Manager
    Building Performance Association
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