Coalition for Green Capital

The Coalition for Green Capital (CGC) is a non-governmental organization founded by CEO Reed Hundt.[1] The CGC works to advocate tax and finance policies that support long-term investment in energy efficiency and clean energy. The CGC pursues such efforts on the international and national levels, working with both federal and state governments.[2][3][4]

History

The group is an outgrowth of Hundt's efforts with the Obama/Biden Transition Team to promote financing for clean energy and energy efficiency.[5] The CGC was involved in the drafting of Rep. Chris Van Hollen's "Green Bank Act of 2009" which was included in the "Waxman-Markey" bill that ultimately failed to pass in the 111th United States Congress. [6] Since the failure of the "Waxman-Markey" bill, CGC has focused its efforts on state-level legislation. The CGC was involved in the drafting and passing of Connecticut's Green Bank, entitled the Clean Energy Finance and Investment Authority (CEFIA). [7] This entity will offer loans to clean energy projects, lowering start-up costs without raising costs for tax payers.

External links

References

  1. ↑ http://www.coalitionforgreencapital.com/index.html
  2. ↑ Mark Muro, , The New Republic, June 28, 2011
  3. ↑ Gloria Gonzalez, , Environmental Finance, June 9, 2011
  4. ↑ Cutting the Cost of Clean Energy, , The Center for American Progress
  5. ↑ http://change.gov/learn/working_group_members
  6. ↑ http://www.govtrack.us/congress/bill.xpd?bill=h111-2454
  7. ↑ http://www.tnr.com/blog/the-avenue/90969/banking-green-growth-in-connecticut
This article is issued from Wikipedia - version of the Thursday, November 08, 2012. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.