Tag Archives: financing renewable energy development

How a Big Bank Fueled the Green Energy Boom

By Matthew Heimer, Fortune Magazine

[Green] bonds were the brainchild of dealmakers at Bank of America—the $87 billion, 209,000-employee giant that occupies the No. 3 spot on Fortune’Change the World list this year. Their work is part of BofA’s $125 billion Environmental Business Initiative, a campaign that has established the Charlotte based bank as a powerhouse in “climate finance”—the unglamorous but essential business of steering investor capital into the low-carbon economy. Green bonds, which the bank all but invented, have raised $442 billion worldwide since 2013, helping borrowers both tiny (the Antioch, Calif., Unified School District) and enormous (trillion-dollar Apple) pay for renewable-energy innovations. Read more here.

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EPA chief: I’d ‘do away with’ wind and solar tax credits

By Timothy Cama, The Hill

“I’d let them stand on their own and compete against coal and natural gas and other sources, and let utilities make real-time market decisions on those types of things as opposed to being propped up by tax incentives and other types of credits that occur, both in the federal level and state level,” he continued.

(EPA chief Scott] Pruitt conceded that any move to end the credits would be a “policy decision” for Congress, “not an EPA decision.” Click here to read more.

Photo Credit: Getty Images

ADDITIONAL RECOMMENDED READING

Percentages of Federal Incentives for Wind and
Other Renewables Compared to Fossil Fuels