Department of Energy Releases New Green Bank Report at Paris Climate Talks
Cadmus Contributed, Led Research Team
ARLINGTON, Va., December 16, 2015—The Cadmus Group, Inc. (Cadmus), an energy and environmental consulting firm, announced today that the U.S. Department of Energy (DOE) had released a first-of-its kind report exploring mechanisms for encouraging private investment in clean energy, based on research and analysis conducted by a Cadmus-led team. Department Secretary Ernest Moniz announced the report’s release at the Paris climate talks on December 7, 2015.
Energy Investment Partnerships: How State and Local Governments Are Engaging Private Capital to Drive Clean Energy Investments examines energy investment partnerships (EIPs, also known as green banks) adopted by eight states across the United States. EIPs are innovative financing mechanisms designed to stimulate and facilitate investment in clean energy through public-private partnerships. Cadmus was proud to lead the team of contributing authors that produced this report in collaboration with the Council of Development Finance Agencies (CDFA).
The report finds that programs in the states studied—California, Connecticut, Florida, Hawaii, New Jersey, New York, Ohio, and Oregon—were able to expand their impact beyond what would be possible with public funding alone by leveraging private capital. Furthermore, the evidence from these programs shows that EIPs allow for the creativity and flexibility necessary to meet the diverse needs of different states, regions, municipalities, and markets.
The report can be accessed in full on DOE’s website: http://energy.gov/epsa/energy-investment-partnerships
Cadmus conducts financing research exploring options for encouraging investments in green infrastructure and development. We work with governments, utilities, businesses, and nonprofit organizations to develop programs that remove financial hurdles to investment in clean energy, energy efficiency, and infrastructure. Learn more about our financial program design and evaluation services.
About The Cadmus Group, Inc.
Cadmus is an employee-owned consultancy committed to helping our clients address complex challenges by applying diverse skills and experiences in a highly collaborative environment. By assisting our clients in achieving their goals, we create social and economic value today and for future generations. Founded in 1983, we leverage our staff’s exceptional expertise in the physical and life sciences, engineering, social sciences, strategic communication, architecture and design, law, policy analysis, and the liberal arts to provide an array of research and analytical services in the United States and abroad.
