Cross-Sector

Green Banks

Green banks, often called “clean energy funds,” are institutions focused on financing clean energy adoption. They are public, quasi-public, or non-profit institutions that are established at the local, state, or national level. More than a dozen states have established a green bank, under several different structures, legislative directives, and funding sources. Many green banks are also community development financial institutions (CDFIs), which aim to direct funding toward low-income communities.

Green banks address clean energy market gaps and financial barriers and aim to attract private investment in clean energy and energy efficiency. They achieve this through direct financing, such as loans and co-investments, and market development activities, such as information sharing and partnership building. Programs financed by a green bank typically include clean energy and energy efficiency upgrades, climate-resilient infrastructure, water infrastructure, and waste management infrastructure.

Request Policy Assistance

Glossary of Terms

States with Policy Enacted

In Progress

Partially Enacted

See States List

Key Resources

Glossary of Terms

Green Bank Movement Today

An interactive map that visualizes green banks by state in the context of their climate progress.

2023

Source:

Green Bank Movement

Green Banks: An Overview for Governors

An overview of what green banks are and how they operate, including how governors can establish green banks, financing mechanisms, state examples, and federal funding opportunities.

2023

Source:

National Governors Association

What is a Green Bank

A resource explaining what green banks are, how they work, and how they can be used to address climate change, alongside a map tracking green banks by state and a green banks resource list.

2024

Source:

Coalition for Green Capital

Green Banks

An explanation of what green banks are, how they operate, and how they can be utilized to mobilize funds to address clean energy issues, including state and local examples.

2024

Source:

U.S. EPA

Model Rules

Glossary of Terms

LPDD Model Law: Green Bank State and Local Legislation

Model statute to establish a green bank following the nonprofit model, taking its basic structure from legislation to establish the Nevada Clean Energy Fund.

2024

Source:

LPDD

Model States

Glossary of Terms

Connecticut

Connecticut Green Bank

2011

Establishing Policies

Minnesota

Minnesota Climate Innovation Finance Authority

2023

Establishing Policies

New York

NY Green Bank

2013

Establishing Policies

NY Green Bank

Nevada

Nevada Clean Energy Fund

2017

Establishing Policies

Glossary of Terms

Filters

Status	State Sort descending	Region	Year Enacted
Not Enacted	Alabama Empty column Green banks are public, quasi-public, or non-profit entities that use innovative financing to invest in climate solutions and attract private capital across various economic sectors. Empty column	Southeast
Enacted	Alaska Empty column Alaska Sustainable Energy Corporation Establishing Policies HB 273 (2024) Alaska Sustainable Energy Corporation (ASEC) Empty column	West	2024
Not Enacted	Arizona Empty column Green banks are public, quasi-public, or non-profit entities that use innovative financing to invest in climate solutions and attract private capital across various economic sectors. Empty column	Southwest
Not Enacted	Arkansas Empty column Green banks are public, quasi-public, or non-profit entities that use innovative financing to invest in climate solutions and attract private capital across various economic sectors. Empty column	Southeast
Enacted	California Empty column California Infrastructure and Economic Development Bank Establishing Policies California Government Code Title 6.7, Division 1, Chapter 1 section 63002 (1944) AB 78 (2020) California Infrastructure and Economic Development Bank Empty column	West	1944
Enacted	Colorado Empty column Colorado Clean Energy Fund Establishing Policies SB 21-230 (2021) Colorado Clean Energy Fund Empty column	West	2018
Enacted	Connecticut Empty column Connecticut Green Bank Establishing Policies Public Act 11-80 (2011) Connecticut Green Bank Empty column	Northeast	2011
Enacted	Delaware Empty column Energize Delaware Establishing Policies SB 18 (2007) Energize Delaware Empty column	Southeast	2007
Not Enacted	Florida Empty column Green banks are public, quasi-public, or non-profit entities that use innovative financing to invest in climate solutions and attract private capital across various economic sectors. Empty column	Southeast
Not Enacted	Georgia Empty column Green banks are public, quasi-public, or non-profit entities that use innovative financing to invest in climate solutions and attract private capital across various economic sectors. Empty column	Southeast
Enacted	Hawai‘i Empty column Hawai‘i Green Infrastructure Authority Establishing Policies Act 211 (2013) Hawai‘i Green Infrastructure Authority Empty column	West	2013
Not Enacted	Idaho Empty column Green banks are public, quasi-public, or non-profit entities that use innovative financing to invest in climate solutions and attract private capital across various economic sectors. Empty column	West
Enacted	Illinois Empty column Illinois Finance Authority Climate Bank and the Clean Energy Jobs and Justice Fund Establishing Policies SB 2408 (2021) Illinois Finance Authority Climate Bank and the Clean Energy Jobs and Justice Fund Empty column	Midwest	2021
Not Enacted	Indiana Empty column Green banks are public, quasi-public, or non-profit entities that use innovative financing to invest in climate solutions and attract private capital across various economic sectors. Empty column	Midwest
Enacted	Iowa Empty column Iowa Energy Fund Establishing Policies Iowa Energy Fund Empty column	Midwest	2024
Not Enacted	Kansas Empty column Green banks are public, quasi-public, or non-profit entities that use innovative financing to invest in climate solutions and attract private capital across various economic sectors. Empty column	Midwest
Enacted	Kentucky Empty column Green Bank of Kentucky Establishing Policies Green Bank of Kentucky Empty column	Southeast	2009
Enacted	Louisiana Empty column Louisiana Clean Energy Fund Establishing Policies Louisiana Clean Energy Fund Empty column	Southeast	2023
Enacted	Maine Empty column Efficiency Maine Green Bank Establishing Policies LD 1659 (2021) Efficiency Maine Green Bank Empty column	Northeast	2021
Enacted	Maryland Empty column Maryland Clean Energy Center, which administers the Climate Catalytic Capital Fund Establishing Policies HB 1337 (2008) SB 528 - Climate Solutions Now Act of 2022 (2022) Maryland Clean Energy Center Empty column	Southeast	2008
Enacted	Massachusetts Empty column Massachusetts Community Climate Bank Establishing Policies Governor Healey Announces Climate Bank (2023) Massachusetts Community Climate Bank Empty column	Northeast	2023
Enacted	Michigan Empty column Michigan Saves Establishing Policies Michigan Saves Empty column	Midwest	2009
Enacted	Minnesota Empty column Minnesota Climate Innovation Finance Authority Establishing Policies SF 3035 (2023) HF 2310 (2023) Minnesota Climate Innovation Finance Authority Empty column	Midwest	2023
Not Enacted	Mississippi Empty column Green banks are public, quasi-public, or non-profit entities that use innovative financing to invest in climate solutions and attract private capital across various economic sectors. Empty column	Southeast
Enacted	Missouri Empty column Missouri Clean Energy District Establishing Policies RSMo 67.2800, et Seq. (2010) Missouri Clean Energy District Empty column	Midwest	2010
Not Enacted	Montana Empty column Green banks are public, quasi-public, or non-profit entities that use innovative financing to invest in climate solutions and attract private capital across various economic sectors. Empty column	West
Not Enacted	Nebraska Empty column Green banks are public, quasi-public, or non-profit entities that use innovative financing to invest in climate solutions and attract private capital across various economic sectors. Empty column	Midwest
Enacted	Nevada Empty column Nevada Clean Energy Fund Establishing Policies SB 407 (2017) Nevada Clean Energy Fund Empty column	West	2017
Enacted	New Hampshire Empty column New Hampshire Clean Energy Fund Establishing Policies RSA Chapter 126-L (1983) New Hampshire Clean Energy Fund Empty column	Northeast	1983
Not Enacted	New Jersey Empty column Green banks are public, quasi-public, or non-profit entities that use innovative financing to invest in climate solutions and attract private capital across various economic sectors. Empty column	Northeast
Enacted	New Mexico Empty column New Mexico Climate Investment Center Establishing Policies New Mexico Climate Investment Center Empty column	Southwest	2023
Enacted	New York Empty column NY Green Bank Establishing Policies NY Green Bank Empty column	Northeast	2013
Enacted	North Carolina Empty column North Carolina Clean Energy Fund Establishing Policies North Carolina Clean Energy Fund Empty column	Southeast	2020
Not Enacted	North Dakota Empty column Green banks are public, quasi-public, or non-profit entities that use innovative financing to invest in climate solutions and attract private capital across various economic sectors. Empty column	Midwest
Not Enacted	Ohio Empty column Green banks are public, quasi-public, or non-profit entities that use innovative financing to invest in climate solutions and attract private capital across various economic sectors. Empty column	Midwest
Not Enacted	Oklahoma Empty column Green banks are public, quasi-public, or non-profit entities that use innovative financing to invest in climate solutions and attract private capital across various economic sectors. Empty column	Southwest
Not Enacted	Oregon Empty column Green banks are public, quasi-public, or non-profit entities that use innovative financing to invest in climate solutions and attract private capital across various economic sectors. Empty column	West
Not Enacted	Pennsylvania Empty column Green banks are public, quasi-public, or non-profit entities that use innovative financing to invest in climate solutions and attract private capital across various economic sectors. Empty column	Northeast
Enacted	Rhode Island Empty column Rhode Island Infrastructure Bank Establishing Policies RI Gen. Laws § 46-12.2 (1989) Rhode Island Infrastructure Bank Empty column	Northeast	1989
Not Enacted	South Carolina Empty column Green banks are public, quasi-public, or non-profit entities that use innovative financing to invest in climate solutions and attract private capital across various economic sectors. Empty column	Southeast
Not Enacted	South Dakota Empty column Green banks are public, quasi-public, or non-profit entities that use innovative financing to invest in climate solutions and attract private capital across various economic sectors. Empty column	Midwest
Not Enacted	Tennessee Empty column Green banks are public, quasi-public, or non-profit entities that use innovative financing to invest in climate solutions and attract private capital across various economic sectors. Empty column	Southeast
Not Enacted	Texas Empty column Green banks are public, quasi-public, or non-profit entities that use innovative financing to invest in climate solutions and attract private capital across various economic sectors. Empty column	Southwest
Not Enacted	Utah Empty column Green banks are public, quasi-public, or non-profit entities that use innovative financing to invest in climate solutions and attract private capital across various economic sectors. Empty column	West
Not Enacted	Vermont Empty column Green banks are public, quasi-public, or non-profit entities that use innovative financing to invest in climate solutions and attract private capital across various economic sectors. Empty column	Northeast
Not Enacted	Virginia Empty column Green banks are public, quasi-public, or non-profit entities that use innovative financing to invest in climate solutions and attract private capital across various economic sectors. Empty column	Southeast
Not Enacted	Washington Empty column Green banks are public, quasi-public, or non-profit entities that use innovative financing to invest in climate solutions and attract private capital across various economic sectors. Empty column	West
Not Enacted	West Virginia Empty column Green banks are public, quasi-public, or non-profit entities that use innovative financing to invest in climate solutions and attract private capital across various economic sectors. Empty column	Southeast
In-Progress	Wisconsin Empty column The Green Ribbon Commission on Clean Energy and Environmental Innovation is advising the Wisconsin Economic Development Corporation and Department of Administration on the establishment of a green bank, known as the "Green Innovation Fund" Establishing Policies Executive Order 195 (2023) Green Ribbon Commission Empty column	Midwest	2023
Not Enacted	Wyoming Empty column Green banks are public, quasi-public, or non-profit entities that use innovative financing to invest in climate solutions and attract private capital across various economic sectors. Empty column	West

Green Banks

Key Resources

Model Rules

Model States

Green Banks By State