According to a new report by the Rocky Mountain Institute, “green banks” which prioritize investment in clean energy technologies, are growing quickly across the country.
“A new report finds that while governments and financial institutions are laboring hard to unlock the investment needed to meet climate and sustainable development goals, green banks can efficiently and effectively help overcome market barriers and channel investments into low carbon technologies, thereby accelerating global efforts to meet climate goals outlined in the landmark Paris Agreement.
The State of Green Banks 2020, published by Rocky Mountain Institute, Green Finance Institute, and the Natural Resources Defense Council, provides a review of green bank activities and their potential worldwide. A green bank is a specialized financing institution that acts as the focal point for scaling up domestic investment in climate solutions.”
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