A CASE STUDY OF GREE BANKING FINANCIAL OFFERINGS: PUBLIC VS. PRIVATE FUNDING SOURCES
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2022-12
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Abstract
The following research paper examines green banking and finance in the United States. The paper provides a background on how green banks are structured, how they are funded, and the types of financial products they offer. The primary objective of the research is to identify whether public or private sources of funding result in more emissions reductions and energy savings. Data was collected from the Connecticut and New York Green Bank’s financial reports and organized in Excel. The data suggests that the green banking model works successfully in leveraging small amounts of public money with larger sums of private money, contributing to significant emissions reductions and energy savings. Publicly funded more programs do not achieve emissions reductions and energy savings on par with programs funded with private investment. By understanding which models and programs work the best, they can be replicated in new states seeking to establish a green bank.