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State Clean Energy Banks: The NYCEEC, CEFIA, and NYS Models
Thursday, April 4th 2013 9:30am- 12:30pm ET / Streamed Panel Discussion: 7:00am - 9:00am PT / 10:00am - 12:00pm ET / 16:00 - 18:00 (Paris-Frankfurt)
Meeting in New York
As a result of the the passage of Public Act 11-80, in 2011, CEFIA became the first of three green bank models that will leverage “existing state funds, federal grants, repurposed regulatory charges (often called “system benefit charges”), foundation grants, private investment, and bonds” to provide below-market, low-interest rate capital for clean energy projects. Given the political inertia on climate change reform, and the urgency that the aftermath of natural disasters like Sandy present, green banks are going to become integral to reaching clean energy goals. Green banks aim to match public funds with private capital to provide below-market rates for energy efficiency and renewable energy projects. As Douglass Sims of NRDC summarizes, they can “including issuing bonds, selling equity, legislative appropriations, dedication of utility regulatory funds, or foundation grants for the purpose of supporting clean energy and energy efficiency projects through financing tools such as loans and loan guarantees, often at below commercial rates.”
In this meeting, our panel of experts will discuss the progress of the model, and examine other states where public and private support make conditions ripe for the creation of a "clean economy bank".
What green bank models exist?
How do green banks increase the flow of private capital to clean energy projects, while not crowding out?
What conditions make the development of a green bank most ripe?
What are the biggest hurdles for green banks to becoming self-sustaining?
What innovative financing models can spring from a green bank model?
What are green bank metrics for success with regard to deal flow?
What are green banks' roles in job creation/economic and community development?
What are green banks doing with regard to resiliency?
How can green banks bridge the capital markets?
What have been some of the major successes and setbacks?