… 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" …
… 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 …
… 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 …
… NY Green Bank (NYGB), New York State’s $1-billion clean-energy fund, and a young new efficiency company named Sealed signed a $5-million … to spread the cost over time. Second, while large-scale investors are increasingly familiar with residential energy-efficiency financing, they don’t use energy savings in their … of households. NYGB and Sealed entered the loan agreement to find a solution to these challenges. To guide other green-bank-like entities that are familiar with the deployment 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 …
… 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 …
… to end deforestation, development of peat lands and exploitation of locals not only with their own operations, but also from all of their suppliers. For environmental NGOs, the … Indonesia. Forty percent of Indonesia’s palm oil was grown by an estimated 3.5 million smallholder farmers. With government support, Indonesia had established infrastructure to … plantation companies had violated traditional land rights. Indonesian land-use laws were ambiguous and land ownership unmapped. This indeterminate state of affairs had led to …
… oil, it is in our cookies, our shampoos, and is used as a biofuel. As a versatile plant with efficient, high yields, oil palm, and the oil derived from it has become a … air quality, displacing wildlife, and leading experts to assert that Indonesia was now a bigger contributor to climate change than the U.S. Palm oil development is also happening … plant's distinctly local effects are also important. Ecosystems and communities face major changeswith palm oil expansion. Introducing and maintaining plantation systems has altered …
… The Upgrade to $ave Program provides Roanoke Electric Cooperative (REC) and its customers with a simple yet powerful energy-efficiency-financing product. To date, the program has performed much better than … of Energy’s Office of Policy & International Affairs from 2009 to 2013. CEW approached REC with a win-win proposal describing how PAYS® could help build the local economy while …