How to Insure Low Income Households?

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In theory, the money that you're getting from here will continue to pay itself back. You won't necessarily have to come back to congress to ask for more. This is what green banks have been doing for years. We just now get the chance to do it at scale. There's no new wheel being invented. It's just rolling it much faster.

In this episode of the ESG Insider podcast, we delve into a measure in the recently passed U.S. Inflation Reduction Act, or IRA, that allocates $27 billion toward green banks and other local investments via the U.S. Environmental Protection Agency's Greenhouse Gas Reduction Fund.

In an interview with Connecticut Green Bank President and CEO Bryan Garcia, we explore how green banks could use this new influx of federal funds to accelerate the low-carbon transition. The Connecticut Green Bank was the nation's first green bank and was formed in 2011.

We also talk with Reed Hundt, the CEO of the Coalition for Green Capital, a nonprofit with the goal of accelerating investment in clean energy technologies, which has helped organize a number of green banks.

To hear more about the implications of the Inflation Reduction Act, check out our recent episode on the topic here: https://www.spglobal.com/esg/podcasts/what-landmark-new-us-climate-law-means-for-emissions

And to learn more about green banks, check out this podcast episode of ESG Insider: https://podcasts.apple.com/us/podcast/how-green-banks-can-accelerate-climate-finance/id1475521006?i=1000534974896

Register for the event S&P Global Sustainable1 is hosting during Climate Week here: https://events.spglobal.com/event/bc170867-ebf3-423d-a828-2c379780a571/summary?RefId=social&rt=suGjbadFj0uCGwHKysKQtQ

We'd love to hear from you. To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall (lindsey.hall@spglobal.com) and Esther Whieldon (esther.whieldon@spglobal.com).

Photo credit: Getty Images

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