Latest / Catalyst with Shayle Kann
Frontier Forum: Is America’s green bank ready?
America’s green bank – officially known as the Greenhouse Gas Reduction Fund – is ramping up.
Thanks to the Inflation Reduction Act, the federal government is sending $27 billion to a network of non-profit organizations, state green banks, and local private lenders to fund distributed energy projects.
The pressure is on to invest those dollars quickly and efficiently. The GGRF won’t be considered successful if it only deploys that $27 billion – it will be successful if it catalyzes 5x more in capital deployment.
That means building a transparent market with uniform lending standards for CDFIs…
The skinny
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