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

• Official Website

References

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