According to their annual report for Fiscal Year 2016
, for every dollar of public funds spent on clean energy projects, the Green Bank generates an additional five dollars in private investment. The bank deployed over $316 million — including $9.8 million for their low-income solar lease program — for some 8,000 clean energy projects last year alone. These projects — which range from replacing inefficient boilers to installing solar cells — will help reduce the state’s carbon dioxide emissions by more than 885,000 tons, the equivalent to planting nearly 12,000 acres of trees. And, critically, the Green Bank has created an estimated 13,000 jobs across the state while reducing energy prices by 20 to 30 percent.
“The Connecticut Green Bank has sparked a green bank movement. Our simple promise of increasing affordability and accessibility to green energy has evolved into a greater commitment to our stakeholders,” said Bryan Garcia
’00 M.E.M., president and CEO of the Connecticut Green Bank. “We believe that everything we do, we do to help families thrive and businesses grow. We do it in the interest of achieving inclusive prosperity not only within Connecticut and across the country, but around the world.”
Widely recognized as a national leader in environmental and energy policy, many of Connecticut’s most innovative achievements, including the Connecticut Green Bank and the Connecticut Institute for Resilience & Climate Adaptation
[CIRCA] have been led by faculty, alumni, and students from F&ES
“The Connecticut Green Bank has hired a number of students who are incredibly prepared to lead a movement to make clean energy more accessible and affordable,” Garcia said.
The Innovations in American Government Award, the nation’s most prestigious award for excellence and creativity in the private sector, was established by the Ford Foundation in 1985. The cash prize supports the replication and dissemination of novel initiatives such as the Connecticut Green Bank.