… On February 23, 2007, your investment banking firm receives an urgent call from James D. Marston, Regional Director of Environmental Defense's Texas Office and head of the Texas Climate Initiative. You meet with … utility TXU, and he needs your immediate feedback. The private equity firms want two environmental groups - Environmental Defense (also known as the Environmental Defense Fund …
… Most environmentalists had hoped that the December 2009 Climate Change Conference in Copenhagen … investment opportunities in Europe, Latin America and Asia. A new industry around carbon finance emerged, with firms like Climate Change Capital (CCC) of London taking the lead in … World Bank at the end of 2007. Besides the European Market, a number of regional, voluntary markets for carbon allowances formed in the rest of developed world. However, the failure of …
… make in the event of a default is junior to the property mortgage holder. This is why the Environmental Upgrade Agreement (EUA) plays an important role. The EUA is a deal structure … and is senior to the mortgage, providing the incentive necessary to attract private finance. It also addresses the misalignment of incentives by creating an Environmental Upgrade Charge (EUC) that allows a property owner and a tenant to more …
… was facing, GM’s efforts to introduce more fuel efficient vehicles had run into resistance from consumers, oil companies and the government. While consumers generally indicated that they liked the idea of an environmentally friendly automobile, they did not want to give up the performance they had … believed that the agreement would not be ratified by the Senate. In 1988, a vocal, well-financed lobbying organization called the Global Climate Coalition (GCC) had been formed by …
… of intense political negotiations, on October 26, legislators swept $16.3 million annually from the Connecticut Green Bank’s budget over the following two years. In 2017, nearly 90% … And what trade-offs existed between goals of demonstrating the performance of clean energy finance assets to the private sector, supplying as much capital to the market as possible, … alleviating energy poverty for low and moderate-income residents? Clean Energy Sustainable Finance and ESG Equity and Justice Connecticut Green Bank: In Pursuit of Inclusive …
… side of the solar-lease program. The program combined public funds and private capital to finance residential solar projects and solar water heaters. CT Solar Lease 2 stemmed from a response to a gap in the market that was clearly felt by both contractors and … the successful execution of CT Solar Lease 1. Over the span of two years, the new program financed 1,192 residential solar PV projects—amounting to over $43 million in investment and …
… 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 Efficient … brought into the agency. The RIIB administers a number of financial-assistance programs for environmental projects in the state. One of these programs is the EBF, a financing program … structure to lower energy costs and tax burdens. In the following case study, we walk through the creation of the EBF and some of the factors that have led to its success. …
… renewable portfolio standard (RPS) was being predominantly met with out-of-state resources from Maine, New Hampshire, and Vermont, yielding little economic development benefits to … of a bill, HB 6838 (Public Act 15-194), proposing a flexible outline for expansion of RSIP through creation of the SHREC. This bill passed with support from a range of stakeholders … bipartisan support from the Connecticut General Assembly. Equity and Justice Sustainable Finance and ESG Clean Energy Connecticut’s Residential Solar Program … Connecticut’s …
… 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 to implement … EGADE Business School, Tecnológico de Monterrey, Monterrey Equity and Justice Sustainable Finance and ESG Clean Energy Circularity PEMEX: The Ethanol Decision … PEMEX: The Ethanol … School, Tecnológico de Monterrey, Monterrey Areas of Focus Equity and Justice Sustainable Finance and ESG Clean Energy Circularity Access the Complete Case … In the early 2000s, the …
… government had already set a target of reducing greenhouse gas emissions by 80% from 2001 levels by 2050. The GC3 had been tasked to develop interim statewide greenhouse gas reduction targets for years between 2020 and 2050 and identify short- and long-term statewide strategies to achieve the … been tasked to develop interim statewide greenhouse gas reduction targets for years between 2020 and 2050 and identify short- and long-term statewide strategies to achieve the …