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There are over 20 Green Banks spread across the US, designed to deploy clean energy technologies and ensure equitable access to the clean energy economy. These quasi-public institutions play an important role in bridging a risk gap between what is "theoretically financeable" and what is "actually financeable".
In this episode, Paul discusses how Green Banks function, the role that they play in handling risks that private institutions can not, and how the IRA and IIJA unlocked billions of dollars of federal funds in the first ever national green bank.
For further reference:
"Biden-Harris Administration Announces $20 Billion in Grants to Mobilize Private Capital and Deliver Clean Energy and Climate Solutions to Communities Across America"
Green Banks - NREL
"State Energy Financing Institutions: Unlocking Billions in Concessional Financing from the Loan Programs Office" - Center for Public Enterprise
Connecticut Green Bank
DC Green Bank
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