What are green banks and how can they resolve both lack of affordable housing and climate change at once

Jul 20, 2023

Green banks are public-private partnerships that can help to tackle climate change and affordable housing. Image: Wikimedia Commons

Tarun Gopalakrishnan

Research Fellow, Climate Policy Lab, Tufts University

Bethany Tietjen

Research Fellow in Climate Policy, The Fletcher School, Tufts University

Seth Owusu-Mante

Research Fellow in International Development, Tufts University

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Financing Sustainable Development

American Green Bank Consortium members and private funds they leveraged contributed $4.64 billion in 2022. Each green bank dollar brought in more than $2 in private funds. Image: The Conversation/CC-BY-ND (Source: Coalition for Green Capital)

An affordable housing development in Chelsea, Mass., a Boston suburb that has been under pressure from rising housing prices. Image: David L. Ryan/The Boston Globe via Getty Images

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A new sustainable apartment building in New York’s Rockaways neighborhood shows how solar panels and geothermal energy can help offset electric, heating and cooling costs for low-income residents. Image: AP Photo/Mark Lennihan

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