The Coalition for Green Capital (CGC) is currently providing consulting services to several states that are studying the opportunity to create a green bank. This includes California, Minnesota, Vermont and Maryland. CGC is also in discussion with several other states that may contract with CGC to provide advisory work on their own green bank. CGC is working with Yale students from the School of Forestry & Environmental Studies and School of Management as a consulting team on one of these state-based projects.
CGC’s consulting services typically include the following:
- Assessing the existing electricity market, regulatory and policy landscape
- Calculating the total potential size of the relevant clean energy markets
- Prioritizing those markets based on size, expected growth rate and resource/policy constraints
- Identifying the barriers to investment and market expansion through a robust market interview process
- Outlining a specific set of finance-based solutions that a green bank could implement to facilitate market growth.
This comprehensive assessment will be delivered to our in-region clients (typically government officials), who will use this study for the basis of green bank legislative action and/or implementation.
As part of CGC’s green bank consulting team, the students work directly alongside CGC staff to support the development and delivery of one or multiple of the consulting project tasks outlined above. The precise task(s) that the student may lead or participate in will be matched to suit the student’s interest and strengths, and fit within CGC’s schedule of delivered work.
The desired skills include:
- Strong research skills, an ability to track down detailed policy, market and program information through both internet and on-line research
- Independent initiative to identify, pursue and develop potential green bank solutions
- Quantitative skills to estimate market sizes and/or produce a financial model of a green bank product
- Project management skills to drive potentially multiple tasks simultaneously
The Yale Center for Business and the Environment will supervise a maximum of four students in a project team for the fall semester.
The project management for this 3 credit independent study is overseen by Program Director Stuart DeCew. The content and deliverables of the project is supervised by Jeffrey Schub (SOM ’13), Vice President, Coalition for Green Capital.
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