Affordable clean energy through Connecticut’s Green Bank

Reading time: 3 minutes
19 June 2018

Accessing sufficient financing for the clean energy transition can be a challenging task. However, in 2011 Connecticut established the world’s first state level ‘green bank’, with broad bipartisan support.

This pioneering clean energy financing model represents an exemplary marketplace for the accessible and affordable adoption of clean green energy and energy efficiency upgrades by homeowners, businesses and institutions alike.

The Connecticut Green Bank also succeeds in creating jobs and promoting energy security. Through innovation, education, activation and acceleration, it leverages limited public resources to attract private investment, using several mechanisms including co-lending, credit enhancements, and aggregation and securitization to de-risk clean energy projects for private investors.

The case study is part of a series from our Policy Action work, which aims to accelerate the pace of climate policy development and adoption in states and regions. To see more innovative climate policies from around the world, check out our Under2 Policy Action Map.

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