… Bryan Garcia, the President and CEO of the Connecticut Green Bank, had a big decision to make. Garcia is a member of the Governor’s Council on Climate Change (GC3), a group charged with creating a comprehensive climate strategy for the State of Connecticut. As of September …
… bestowed the prestigious Ash award in policy innovation, the "Nobel of policy," upon the Connecticut Green Bank for its role in "sparking the green bank movement." The Green Bank used financial structuring to attract private capital to clean energy projects in Connecticut. Using transaction enablers and risk mitigants like loan … create Connecticut jobs, promote energy security, and address climate change. Further, changes to funding, structure, and products could all affect the "inclusive prosperity" …
… As the Connecticut Green Bank works to design high-impact programs for the solar market, it has … the Residential Solar Investment Program (RSIP) by creating the Solar Home Renewable Energy Credit (SHREC). The SHREC provides a stable funding structure for an expanded RSIP. … to satisfy the state’s renewable portfolio standard (RPS) was being predominantly met with out-of-state resources from Maine, New Hampshire, and Vermont, yielding little economic …
… project received a significant boost. While the proposed wind farm was located in an area with abundant wind resources, absent a creditworthy off-taker the project would not have been able to line up financing. With Walmart de México’s 15-year PPA (Power Purchase Agreement) in hand, the developers were … meet ambitious goals, looking to reduce waste in its and its suppliers' operations. In the energy area, the company was hoping to receive 50% of its energy from renewable sources by …
… enacted a series of laws promoting the use of alternative fuels in gasoline, beginning with ethanol from sugarcane. This meant that the national oil company PEMEX had to find ways … fuel blend at the pump, the maximum amount that could be incorporated without requiring changes to vehicle internal combustion engines and station pumps. Brazil had gone even … to provide ethanol to the company. As first steps, the amounts requested were relatively small, using ethanol to replace oxygenators in the fuel, up to 5.6% by volume. PEMEX had to …
… During the 1950s, a small band of meteorologists, physicists and chemists began conducting observations and … had started looking at the greenhouse effect in the mid-1980s. The wide-ranging discussions within GM had led to an ambitious program to improve the efficiency of internal combustion … ESG General Motors and Kyoto (1998) … General Motors and Kyoto (1998) During the 1950s, a small band of meteorologists, physicists and chemists began conducting observations and …
… could it also become a symbol of sustainable enterprise? MBS's management hoped so. A small team led by Kevin Teng and backed by MBS leadership as well as the resort's parent … had garnered a Green Mark Platinum Award and was actively tackling its waste, water, and energy systems. The convention center also became the first facility in Southeast Asia to … meetings annually by the year 2030. Teng had a particular interest in seafood, and worked with WWF to address procurement issues in the fishing sector, starting with removing red …
… Infrastructure Bank (RIIB), a quasi-public state entity, sought to bring much-needed clean-energy finance into the state market. This case study describes how this bank set up the … firehouses, and offices. Launched in the summer of 2015, the EBF has already seen positive results – deploying $17.2 million towards municipal-building clean-energy upgrades across 17 … firehouses, and offices. Launched in the summer of 2015, the EBF has already seen positive results – deploying $17.2 million towards municipal-building clean-energy upgrades across 17 …
… and provided over half of the country's crop insurance. Crop insurance provided farmers with a hedge against climate, environmental, and other risks. Around 40% of grain farmers in … their livelihoods, but also helped stabilize the region's food supply. However, many small landholders were priced out of the market for crop insurance. Unlike the government of … was likely to increase the frequency of major events, but it would take years for the changes to show up in actuarial models. Nonetheless, Santam was preparing for the effect of …
… The road to SELCO’s success, however, has not always been smooth. Hande cofounded SELCO (with Neville Williams) in 1995 to sell and service photovoltaic (PV) systems in his home … Investors put pressure on Hande to lay off employees and contract the organization. With the help of the World Bank’s commercial finance arm, the International Finance … the solar equipment and sometimes this meant restructuring activities so that solar energy could power a client’s needs. From his field research, Hande realized early in …