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Coalition for Green Capital
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- This article says it concisely; in the face of a Republican majority in the House of Representatives, the Democrats are ducking and running, not fighting. This is the organization with which their lobbyists will be attempting to play nice with the neocon Crusaders while remaining paid. No 'do or die' here, just a lingering undeath with nothing done.
- Renewable energy advocates eye break from climate change debate Washington (Platts)--16Nov2010/712 pm EST/012 GMT
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Biography of the CGC
The Coalition for Green Capital began as an outgrowth of CEO Wikipedia:Reed Hundt’s efforts on the Obama/Biden Transition Team to incorporate low-cost, long-term financing for clean energy and energy efficiency projects into the Wikipedia:clean economy efforts of the President and Congress.[1][2] This concept took form in Rep. Wikipedia:Chris Van Hollen’s “Green Bank Act of 2009,†introduced in March 2009. This “Green Bank†concept was then included in the House-passed “Waxman-Markey†bill of June 2009, under the name “Clean Energy Deployment Administration,†or CEDA for short. Although the CEDA provision was exceedingly popular (passed as part of a package in the Wikipedia:House Energy and Commerce Committee on a bi-partisan vote of 51-6), it failed to pass as part of the comprehensive Senate Energy Bill which ended in the Wikipedia:111th Congress.
After the demise of a Senate Energy Bill, the CGC redoubled its efforts to drive the conversation in clean Wikipedia:energy policy circles and in Congress, and to incorporate low-cost, long-term finance as a pillar of the eventual legislative solution that will make the United States (WP) a leader in the global clean energy economy. In November 2010, at a conference attended by over 250 people in Washington, DC, the CGC released its “Project 2011†proposal, which provided a suggested outline of what any energy bill in the new Wikipedia:112th Congress should include, including finance, tax, and Wikipedia:regulatory reform policies.
During this time, the CGC has also been active in pursuing the establishment of State Green Banks throughout the country. The CGC has given consultations on the establishment of State Green Banks in Wikipedia:California, Wikipedia:Colorado, Wikipedia:Ohio, Wikipedia:Kentucky (where a State Green Bank was established as a result of the leadership of Kentucky Governor Steve Brashear and his Finance Secretary Jonathan Miller), Wikipedia:Connecticut, Wikipedia:Pennsylvania, and Oregon (WP).
Additionally, the CGC has been working with a variety of partners, including groups based in Brazil (WP), China (WP), (WP) and the United Kingdom (WP), to develop a proposal for an international climate financing mechanism, known as the Global Investment Trust for Clean Energy (GITCE). The GITCE would assist in scaling up the $100 billion promised by the developed world for climate mitigation and adaptation projects in developing nations.
The CGC has also authored numerous publications, and co-authored a major release with the Wikipedia:Center for American Progress.
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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.[3][4][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 Wikipedia: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[edit]
References[edit]
- ↑ http://change.gov/learn/working_group_members
- ↑ http://www.coalitionforgreencapital.com/index.html
- ↑ Mark Muro, [1], The New Republic, June 28, 2011
- ↑ Gloria Gonzalez, [2], Environmental Finance, June 9, 2011
- ↑ Cutting the Cost of Clean Energy, [3], The Center for American Progress
- ↑ http://www.govtrack.us/congress/bill.xpd?bill=h111-2454
- ↑ http://www.tnr.com/blog/the-avenue/90969/banking-green-growth-in-connecticut
