What is a Green Bank & Why is it needed?
A green bank is a financial institution dedicated to accelerating the transition to clean, renewable energy. Filling market gaps, green banks use public funding to mobilize private investment in low-carbon, climate-resilient projects.
Reducing Emissions
Green banks drive investment into clean energy, energy efficiency, and other projects that reduce greenhouse gas emissions and combat
Leveraging Private Capital
To increase the flow of capital for clean energy, green banks use financial tools and expertise to attract private investment into underinvested sec-
Voices from the Field
“We invest in energy-efficient buildings, solar panels, clean transportation, and projects that protect communities from flooding—building a greener, more affordable DC where everyone can thrive.”
— DC Green Bank
“We weren't able to get a loan through several companies due to bankruptcy and felt we were not going to get a new air conditioner in this heat. You gave me a chance. I thank you so much, and God bless all who read this.”
— Nevada Resident, RE-UP Program
“DC Green Bank’s collaboration with Jubilee Housing shows the power of green finance to help achieve our sustainability goals while creating jobs and supporting resident empowerment in the community”
—Trisha Miller, CEO of DC Green Bank.
“Our continued success in launching quickly to advance Indiana’s clean energy transition will be bolstered significantly by the formation of the GB50. It allows us to leverage the combined experiences of green banks across the U.S. to help all Hoosiers.”
— Alex Crowley, Executive Director
“As the nation’s first green bank dedicated to decarbonizing affordable housing, the Massachusetts Community Climate Bank is working to advance an equitable clean energy transition for low- and moderate-income households”
—Maggie Super Church, Director of Policies and Programs
“DC Green Bank’s dedication to equity and sustainability helps us deliver creative solutions that build thriving communities.”
—James Knight, Chief Executive Officer of Jubilee Housing.
“Cape Fear Solar Systems has been operating in Wilmington, NC since 2007 and now employs over 70 people in the local area. Many of our employees come from nearby community colleges and universities and we were able to offer these individuals dignified and good paying jobs deploying clean energy technology.”
— North Carolina Solar Developer
“As a new green bank, SustainEnergyFinance is excited to transform Utah communities with equitable clean energy financing… The U.S. Green Bank 50 is not just a hub of green banks–it will be a key driver to help us jumpstart Utah’s clean energy economy.”
—Shawna Cuan, Co-Founder
The Estuary at Elizabethtown is a planned net-zero workforce housing community with 285 energy-efficient units, supported by a $30M green bank investment. It will help meet rising housing needs as over 1,400 new jobs come to Elizabethtown, NC.
— SAVES Green Capital
GB 50 In The News
US green banks take off
Green banks launch coalition to coordinate IRA funding
Climate Week NYC 2024 kicks off with carbon removal deals, green banking coalition
