Michigan Green Bank Could Attract Billions in Clean Energy Investment

By Sam Gomberg, Energy Analyst, Union of Concerned Scientists

By smartly using public funds to leverage private capital, a Michigan green bank program could drive significant investment in energy efficiency and renewable energy.

By smartly using public funds to leverage private capital, a Michigan green bank program could drive significant investment in energy efficiency and renewable energy.

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.

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Complete Analysis: Green Banks: Transforming Clean Energy Finance in Michigan

ADDITIONAL RECOMMENDED READING
Green bank in Michigan could reel in $3B in private investment, by Robert Walton, Utility Dive