Coalition for Green Capital

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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[edit]

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[edit]

References[edit]

  1. ^ http://www.coalitionforgreencapital.com/index.html
  2. ^ Mark Muro, [1], The New Republic, June 28, 2011
  3. ^ Gloria Gonzalez, [2], Environmental Finance, June 9, 2011
  4. ^ Cutting the Cost of Clean Energy, [3], 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