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Green Bank Memo

State and Local Government and the Formation of Green Banks

State and local governments are key stakeholders in determining whether the Inflation Reduction Act is transformative for climate and industrial policy for years to come. One key provision is the Greenhouse Gas Reduction Fund, which provides $27 billion to support the proliferation of new and existing state green banks.

As the economic and financial impacts of climate change grow, it is crucial that state governments maximize the impact of this large, one-time injection of federal capital.

Building a diverse, inclusive, and accountable green bank that fosters multi-agency coordination toward a range of investment needs is imperative.

In this memo we make recommendations for how green banks can be designed in a manner consistent with this vision. Click the image below to read the full report:

Report cover: State and Local Government and the Formation of Green Banks

For more information email Brett Fleishman.

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Cover image of Boulder County's 2018 Environmental Sustainability Plan

Read more about the Boulder County’s climate action strategy in the 2018 Environmental Sustainability Plan. Boulder County will release an updated Environmental Sustainability Plan in August 2022.

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Office of Sustainability, Climate Action & Resilience

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Boulder, CO 80302
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PO Box 471
Boulder, CO 80306