Michigan Saves is one of the oldest and most effective green bank programs in the country, drawing about $30 in private investment per every public dollar invested.
A green bank could unlock financing for more clean energy projects, but some question its need and prospects.
The state’s green bank hopes to inspire residents to help fund clean energy investments to combat climate change.
U.S. Rep. Debbie Dingell, D-Michigan, discusses coalition building, electric vehicles and ongoing environmental challenges in her Detroit-area district.
The National Climate Bank Act introduced this year is based in part on successful projects in Connecticut and New York.