Innovative Financing and Green Lending

The revolution will be financed.

Learn how green financing solutions are accelerating change

At the 2015 United Nations Climate Change Conference in Paris, countries reaffirmed their commitment to limit a global temperature increase. There was agreement on the need to mobilize climate financing quickly. To that end, developed countries pledged $100 billion a year by 2020 in public and private resources.

In addition, poorer developing countries are continuing to seek support and investment from wealthier countries as they aim to fund a less carbon-dependent economy.

Financing a green future takes dedication as well as innovation. Earth Day Network supports the following initiatives:

Community Reinvestment Act & Green Schools
The Community Reinvestment Act (CRA) is federal law that requires banks operating in low-income areas to invest money back in the community (typically in the form of housing projects and community centers and yes, green-energy projects).

These green-energy projects result in new resources for low-income schools, thanks to utility savings. It’s a win for the planet and the community. Learn more.

PACE financing
Already adopted in 29 states and the District of Columbia, PACE statutes provide municipalities with a clear path to private-sector lending which, in turn, fronts renewable energy investment money to property owners. Learn more.

Proposition 39
Also knows as the California Clean Energy Jobs Act, this landmark legislation led to the closure of a corporate tax loophole. It continues to channel a significant portion of recovered state revenues to energy efficiency programs, thus creating thousands of new jobs and reducing the state’s long-term energy costs. We need other states to follow California’s lead.

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