Coalition for Green Capital

The Coalition for Green Capital (CGC) is a non-profit organization based out of Washington, DC. The CGC exists for the purpose of advocating tax and finance policies that support investment in energy efficiency and clean energy. We pursue such policies at the national, state and international level.
Biography of the CGC
The Coalition for Green Capital began as an outgrowth of CEO Reed Hundt’s efforts on the Obama/Biden Transition Team to incorporate low-cost, long-term financing for clean energy and energy efficiency projects into the clean economy efforts of the President and Congress. This concept took form in Rep. Chris Van Hollen’s “Green Bank Act of 2009,” introduced in March 2009. This “Green Bank” concept was then included in the House-passed “Waxman-Markey” bill of June 2009, under the name “Clean Energy Deployment Administration,” or CEDA for short. Although the CEDA provision was exceedingly popular (passed as part of a package in the House Energy and Commerce Committee on a bi-partisan vote of 51-6), it failed to pass as part of the comprehensive Senate Energy Bill which ended in the 111th Congress.
After the demise of a Senate Energy Bill, the CGC redoubled its efforts to drive the conversation in clean energy policy circles and in Congress, and to incorporate low-cost, long-term finance as a pillar of the eventual legislative solution that will make the United States a leader in the global clean energy economy. In November 2010, at a conference attended by over 250 people in Washington, DC, the CGC released its “Project 2011” proposal, which provided a suggested outline of what any energy bill in the new 112th Congress should include, including finance, tax, and regulatory reform policies.
During this time, the CGC has also been active in pursuing the establishment of State Green Banks throughout the country. The CGC has given consultations on the establishment of State Green Banks in California, Colorado, Ohio, Kentucky (where a State Green Bank was established as a result of the leadership of Kentucky Governor Steve Brashear and his Finance Secretary Jonathan Miller), Connecticut, Pennsylvania, and Oregon.
Additionally, the CGC has been working with a variety of partners, including groups based in Brazil, China, India and the UK, to develop a proposal for an international climate financing mechanism, known as the Global Investment Trust for Clean Energy (GITCE). The GITCE would assist in scaling up the $100 billion promised by the developed world for climate mitigation and adaptation projects in developing nations.
The CGC has also authored numerous publications, and co-authored a major release with the Center for American Progress.

Main Menu

See Also

Main Menu