Catalyzing Investment with a National Climate Bank: Lessons from Subnational Green Banks

Together, subnational green banks and a national Even with all the impact that subnational green banks climate bank can leverage private investment at scale have had, there is a need for a national climate bank to to support the comprehensive market response needed fill gaps left by subnational banks, and crowd in private for widespread adoption of clean energy and other sector investment at the s. [...] private lenders and other investors to mobilize capital, Catalyzing Investment with a National Climate Bank: Lessons from Subnational Green Banks 3 LESSONS LEARNED AND RECOMMENDATIONS FOR SUBNATIONAL GREEN BANKS Surveying a decade’s worth of state and local green bank Regardless of structure, all state and local green banks successes and challenges can illuminate process and in the United States a. [...] Compared changing market and customer needs.8 to public and quasi-public green banks, though, nonprofit green banks have tended to be lean STRUCTURE & ORGANIZATION institutions, focused on loan origination, and close to local markets.12 The structure of a green bank determines the bank’s Developers of new subnational green banks should level of independence and the government’s level of select the. [...] The size of the needed funding and develop and deploy strategic financing mechanisms the range of real and perceived financial, technical, to assist such communities, particularly in states and regulatory risks present challenges for most that lack subnational green banks, but also as a state and local green banks, which instead have complement to subnational green bank efforts. [...] Subnational green impact evaluation demonstrating both financial and banks can partner with the national climate bank social returns will provide assurance to both private and other organizations to support these kinds of investors and the public for continued support and deployments once the technologies and business success.