(Washington, DC) On Tuesday, July 10, at 4 pm, Mayor Muriel Bowser will sign the District of Columbia Green Finance Authority Establishment Act of 2018, officially cementing DC as the first city in the US to establish a green bank, accelerating the deployment of affordable private and public capital for clean energy projects. The bill was introduced by Mayor Bowser to the City Council on April 25, 2017.
Green Banks are institutions that states and countries are using to finance projects that will create green jobs, expand solar power, lower energy costs, reduce greenhouse gas emissions, and meet sustainability goals. Green banks are capitalized with limited public funds and attract private capital investment, which are then used to offer loans, leases, credit enhancements, and other financing services to close funding gaps for clean energy projects.
Tuesday, July 10, at 4 pm
Mayor Muriel Bowser
Tommy Wells, Director, Department of Energy and Environment
John A. Wilson Building - Mayor’s Ceremonial Room (509)
1350 Pennsylvania Avenue, NW
*Closest Metros: Federal Triangle and Metro Center Metro Stations*