Coalition for Green Capital
Encyclopedia
The Coalition for Green Capital (CGC) is a non-governmental organization
founded by CEO Reed Hundt
. The CGC works to advocate tax and finance policies that support long-term investment in energy efficiency and clean energy. The CGC pursues such efforts on the international and national levels, working with both federal and state governments.
to promote financing for clean energy and energy efficiency. The CGC was involved in the drafting of Rep. Chris Van Hollen's
"Green Bank Act of 2009" which was included in the "Waxman-Markey" bill that ultimately failed to pass in the 111th United States Congress
. Since the failure of the "Waxman-Markey" bill, CGC has focused its efforts on state-level legislation. The CGC was involved in the drafting and passing of Connecticut's Green Bank, entitled the Clean Energy Finance and Investment Authority (CEFIA). This entity will offer loans to clean energy projects, lowering start-up costs without raising costs for tax payers.
Non-governmental organization
A non-governmental organization is a legally constituted organization created by natural or legal persons that operates independently from any government. The term originated from the United Nations , and is normally used to refer to organizations that do not form part of the government and are...
founded by CEO Reed Hundt
Reed Hundt
Reed E. Hundt was chairman of the United States Federal Communications Commission from 1993 to 1997. Appointed by President Bill Clinton, he served for most of Clinton's first term. He was succeeded by William Kennard.- Biography :Hundt attended high school in Washington D.C at the prestigious St....
. The CGC works to advocate tax and finance policies that support long-term investment in energy efficiency and clean energy. The CGC pursues such efforts on the international and national levels, working with both federal and state governments.
History
The group is an outgrowth of Hundt's efforts with the Obama/Biden Transition TeamPresidential transition of Barack Obama
The presidential transition of Barack Obama began when he won the United States presidential election on November 4, 2008, and became the President-Elect. He was formally elected by the Electoral College on December 15, 2008...
to promote financing for clean energy and energy efficiency. The CGC was involved in the drafting of Rep. Chris Van Hollen's
Chris Van Hollen
Christopher "Chris" Van Hollen, Jr. is the U.S. Representative for , serving since 2003. He is a member of the Democratic Party...
"Green Bank Act of 2009" which was included in the "Waxman-Markey" bill that ultimately failed to pass in the 111th United States Congress
111th United States Congress
The One Hundred Eleventh United States Congress was the meeting of the legislative branch of the United States federal government from January 3, 2009 until January 3, 2011. It began during the last two weeks of the George W. Bush administration, with the remainder spanning the first two years of...
. Since the failure of the "Waxman-Markey" bill, CGC has focused its efforts on state-level legislation. The CGC was involved in the drafting and passing of Connecticut's Green Bank, entitled the Clean Energy Finance and Investment Authority (CEFIA). This entity will offer loans to clean energy projects, lowering start-up costs without raising costs for tax payers.