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33 Yale L. & Pol'y Rev. 197 (2014-2015)
Clean Is the New Green: Clean Energy Finance and Deployment through Green Banks

handle is hein.journals/yalpr33 and id is 205 raw text is: YALE LAW & POLICY REVIEW Clean Is the New Green: Clean Energy Finance and Deployment Through Green Banks Whitney Angell Leonard* IN TROD UCTION ..................................................................................................... 198 I. THE GREEN BANK MODEL ............................................................................... 200 A. The Need for Green Banks ................................................................. 201 B. Central Principles of Green Banks ..................................................... 204 i. The Value of Loans ....... .................. ..... 205 2. Innovative Financing Mechanisms ........................................... 206 3. Win-Win Benefits of Green Banks ........................................ 208 II. COMPARATIVE ANALYSIS OF CONNECTICUT AND NEW YORK GREEN B A N K S ........................................................................................................ 209 A. Connecticut's Clean Energy Finance and Investment Authority ....... 209 i. M odel and Structure .................................................................. 209 2. Flagship Financial Products ...................................................... 211 3. Success M etrics ........................................................................... 214 4. Lessons Learned ......................................................................... 215 B. N ew York Green Bank ....................................................................... 217 i. M odel and Structure .................................................................. 217 2. Lessons Learned ......................................................................... 219 III. POLICY LESSONS FOR GREEN BANK EXPANSION ........................................... 221 A . O bjective Function ............................................................................. 221 B. Standardization ................................................................................. 223 C. Administrative Flexibility .................................................................. 224 D . Partnerships ....................................................................................... 225 E. Highlighting Economic Benefits ......................................................... 227 C O N CLU SION ......................................................................................................... 228 Yale Law School, J.D. expected 2015. 1 would like to thank the numerous people who generously contributed their time and insights to this project, particularly Daniel Esty, who inspired and guided my work on this piece. I am also grateful to Elizabeth Deutsch, Courtney Dixon, and the rest of the Yale Law & Policy Review staff for their careful and thoughtful editing.

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