COLORADO – Governor Hickenlooper and others launched the Colorado Clean Energy Fund over the weekend. It’s being used to drive projects statewide on things like solar and energy efficiency.
The Colorado Energy Office and the Coalition for Green Capitol are involved in launching the fund. It’s part of the implementation of the Colorado Climate Plan, which was updated this year.
The nonprofit Colorado Clean Energy Fund will bring the “green bank” model to Colorado, drawing on the success of institutions in other states such as NY Green Bank and Connecticut Green Bank. Green banks use mission-driven financing to leverage private investment in clean energy projects like community solar and energy efficiency. Green banks in the US have collectively mobilized more than $2 billion in clean energy investment.
“Our goal in Colorado is to make sure we have the cleanest air and water possible,” said Governor John Hickenlooper. “Access to financing capital for clean energy projects will make our state an even bigger draw for businesses looking to move and invest here.”
Colorado has nearly 58,000 clean energy jobs in all 64 counties. Today’s announcement was made at the US Climate Action Center in Katowice, Poland as part of the US Investor Action on Climate Panel hosted by Ceres. You can view the Governor’s video here.