‘Green bank’ envisioned to help fund a clean-energy transition in Maine
Green banks leverage public funds to attract private investment and are used to raise money to combat the effects of climate change.
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Maine’s ambitious plan for transitioning to a clean-energy economy can’t happen without lots of money, funding that’s in short supply during a state budget crunch and pandemic-caused economic downturn.
Some lawmakers and business people say a proposed new source of capital could help: a state-chartered “green bank.”
Green bank advocates met Monday for a Zoom webinar sponsored by the Coalition for Green Capital, a nonprofit that seeks to drive investment in clean energy.
‘Green bank’ envisioned to help fund a clean-energy transition in Maine
Green banks leverage public funds to attract private investment and are used to raise money to combat the effects of climate change.
Share
Maine’s ambitious plan for transitioning to a clean-energy economy can’t happen without lots of money, funding that’s in short supply during a state budget crunch and pandemic-caused economic downturn.
Some lawmakers and business people say a proposed new source of capital could help: a state-chartered “green bank.”
Green bank advocates met Monday for a Zoom webinar sponsored by the Coalition for Green Capital, a nonprofit that seeks to drive investment in clean energy.