How Green Banks Can Meet U.S. Total Clean Energy Investment Needs in 6 Years Reed Hundt, CEO, Coalition for Green Capital Climate Change Implementation Project Workshop November 19, 2015

This is easy, $200B per year for 20 years pays for clean power platform 2 Source: Robert Pollin, Heidi Garrett-Pelitier, James Heintz, and Bracken Hendricks, “Green Growth – A U.S. Program for Controlling Climate Change and Expanding Job Opportunities,” Center for American Progress and Political Economy Research Center at UMass Amherst, September Center for American Progress: $200 billion of annual investment for 20 years will reduce U.S. CO2 Emissions by 40% Renewables $107 Efficiency $88

3 CGB launched Connecticut Green Bank launches solar market, even with falling subsidies

Connecticut Green Bank achieves in 1 year what previously took 10 years 4 FY 2000 – FY 2011 (CCEF) FY 2012 – FY 2014 (CGB) FY 2015 (CGB) Model SubsidyFinancing Years1131 Energy (MW) Investment ($MM)$350 $365 Leverage Ratio1:15:15-10:1 Investment % Loans9%57%77% Connecticut Grant-Making Authority versus Connecticut Green Bank

In one year, the Connecticut Green Bank was responsible for a lot of clean energy market growth 5 $365 Million in Clean Energy Investment 79 MW of Clean Energy Capacity 700,000 MMBTUs in Annual Efficiency Savings In FY15, the Connecticut Green Bank yielded: For FY16, these figures are projected to grow by >75%

If every state in the U.S. had a green bank, with same growth rate and public-private leverage ratio 6 >$200 Billion in Clean Energy Investment >100 GW of Clean Energy Capacity >1000 Trillion BTUs in Annual Efficiency Savings In 5 years, a Green Bank in every state in America would yield: This would provide the needed level of investment in the U.S.

Clean energy investment in CT has grown from $15M to $365M in 3 years with Green Bank 7 $15M $365M Exp $670M

Extrapolated to the Country, US would hit $200B target in 2018 if all had Green banks in $206M in ‘18

How CT GB Extrapolation Gets to US target investment CT Green Bank generated $365M in clean energy investment in ‘15, and will grow to $670M in ‘16 On a per capita basis, that is equivalent to $33B total investment across the US in ‘15, $61B in ‘16 At that growth rate, US would surpass $200B in total clean energy investment in 2018 If all states created a green bank today, $200B in total investment could be reached by

Thank You Comments and Questions: Reed Hundt, CEO Reed