Globally, Green Banks Strive to Grow Clean Energy Markets, City & State

November 24, 2014: Globally, Green Banks Strive to Grow Clean Energy Markets, City & State: "Proponents say that they differ from grants and subsidy programs, which disburse regular servings of cash for the program’s duration that do not need to be repaid, are subject to changes in the tax structure from year to year and, critics argue, often amount to a welfare state for corporations. By contrast, green banks aim to make a return on investment – and reinvest that return in new clean projects – leading to sustainable growth in the industry. The hope is that one day, financing will be conducted in the traditional bond market and the green banks will no longer be needed for these sectors to function."

Randy Herbertson