A two-day International Green Bank Summit concluded with international and U.S.-based public-private financing organizations coming together to discuss best practices, share technical expertise and to strengthen the growing “Green Bank” network. The purpose of the summit was to discuss how to advance emerging clean energy markets by harnessing commercial practices, mobilizing private sector participation, and adopting a common framework, easily understood by private sector partners and the public-at-large.
 
The Green Banks represented at the summit, which was hosted by NY Green Bank, collectively expect to deploy over US$15 billion in capital for investments in clean energy and energy efficiency projects, which could ultimately be leveraged to over US $40 billion total investment into global and local clean energy capital markets over the next five years.
 
Representatives at the summit included leadership from various clean energy financing organizations, several states interested in pursuing the Green Bank model, private sector representatives who have been actively engaged in developing the Green Bank model, and non-profit and non-government organizations that have also been active participants in the discussions around Green Bank developments. Participant organizations included NY Green Bank, the New York City Energy Efficiency Corporation, the UK Green Investment Bank, the Japanese Green Finance Organization, the Australian Clean Energy Finance Corporation, GreenTech Malaysia, the Connecticut Green Bank, the Hawaii GEMS Program and the New Jersey Energy Resiliency Bank. States considering developing state-sponsored clean energy financing institutions were also in attendance.
 
At the conclusion of the summit, together, this group of clean energy financing institutions committed to providing guidance and technical support to states, countries and multilateral agencies interested in establishing similar clean energy financing vehicles. Participants agreed to reconvene for a 2015 International Green Bank Summit.

The global network of Green Banks is focused on accelerating the deployment of clean energy and energy efficiency.  The network will continue to work towards crowding-in private capital and to be a key driver of the commercial and efficient allocation of capital for deployment into global clean energy financing markets.

International Green Bank Summit
http://greenbank.ny.gov/1718summit.aspx