By Sam Gomberg, Energy Analyst, Union of Concerned Scientists
Green banks are state-funded financial institutions that use a pool of public funds and a suite of financial tools to attract a larger pool of private investments in clean energy projects. UCS analyzed the potential outcome of creating a green bank in Michigan, based on the state-specific data and experiences of existing green banks and clean energy lending programs in other states and countries.
Complete Analysis: Green Banks: Transforming Clean Energy Finance in Michigan
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Green bank in Michigan could reel in $3B in private investment, by Robert Walton, Utility Dive