Full Title: Fact Sheet: The United States Green Bank Act of 2016 and Issuance of Green Bonds
Author(s): Alliance to Save Energy
Publisher(s):
Publication Date: September 1, 2016
Full Text: Download Resource
Description (excerpt):
Sen. Chris Murphy (D-Conn.) introduced S. 3382, a bill to establish a United States Green Bank via Green Bonds, on September 22, 2016. The bill is matched by Rep. Chris Van Hollen’s companion legislation in the House, H.R. 5802.
A green bank is a public finance entity that leverages a limited amount of public funding to finance private investment in clean energy and energy efficiency projects. This public-private partnership not only increases the pace and volume of investment in clean energy projects at the state and local levels, but also improves the standard of living for Americans by funding projects that create long-term jobs and by delivering clean electricity more efficiently at a lower cost. By mitigating risks, providing innovative transaction structures, and prioritizing cost-effectiveness and performance, green banks mobilize capital that would otherwise remain trapped in tight balance sheets.