Current Members

 Australia Clean Energy Finance Corporation

Established by the Clean Energy Finance Corporation Act of 2012, the Australian Clean Energy Finance Corporation (CEFC) invests commercially to increase the flow of funds into renewable energy, energy efficiency and low emissions technologies. It is an independently governed Government institution that operates like a traditional financier. The CEFC’s mission is to accelerate Australia’s transformation towards a more competitive economy in a carbon constrained world by acting as a catalyst to increase investment in emissions reduction.

Malaysia Green TechMalaysian Green Technology and Climate Change Centre

The Malaysian Green Technology and Climate Change Centre (formerly named GreenTech Malaysia) is an organisation under the purview of the Ministry of Energy, Green Technology and Water, Malaysia (KeTTHA), charged with catalysing green technology deployment as a strategic engine for socio-economic growth in Malaysia in line with the National Green Technology Policy 2009.

CT Green Bank

Connecticut Green Bank 

The first Green Bank in the U.S., the Connecticut Green Bank (CGB) is a quasi-public corporation established in 2011 as part of the Connecticut Legislature’s Public Act 11-80, an act concerning the establishment of the Department of Energy and Environmental Protection and Planning for Connecticut’s clean energy future. The CGB was established to develop and implement strategies that bring down the cost of clean energy in order to make it more accessible and affordable to consumers in the residential, commercial, and industrial sectors.


NY Green Bank

NY Green Bank (NYGB) is a state-sponsored specialized financial entity whose mission is to accelerate clean energy deployment in New York State by working with the private sector to transform financing markets. The USD 1.0 billion state-sponsored specialized financial entity was launched in 2014 and works with the private sector to alleviate financing gaps in New York’s clean energy markets. NYGB one of the main pillars of Governor Andrew M. Cuomo’s Reforming the Energy Vision (REV) strategy to help consumers make better and more informed energy choices, enable the development of new energy products and services, protect the environment and create new jobs and economic opportunity throughout New York State.

Rhode Island Infrastructure Bank

Rhode Island Infrastructure Bank (Bank) is a quasi-public entity that serves as Rhode Island’s central hub for financing infrastructure improvements for municipalities, businesses, and homeowners. Established by the Rhode Island General Assembly in 1989 as the Clean Water Finance Agency, the Infrastructure Bank’s mandate was significantly expanded in 2015 to include energy and brownfield remediation initiatives. To better reflect its restructured charter and service capabilities, the Clean Water Finance Agency was re-branded as Rhode Island Infrastructure Bank. Retooled and rebranded, the Infrastructure Bank has a broad directive to pursue local investments in domestic low-carbon technologies, climate resilient infrastructure, and other green segments, like water management systems.

Tata Cleantech Capital Limited

Tata Cleantech Capital Limited (TCCL) was created in 2011 as a joint venture between Tata Capital Limited, a subsidiary of TATA Sons Limited, and the International Finance Corporation. As India’s first private sector financial institution focused solely on green finance, it was created to offer end to end business solutions in the clean technology space, including debt capital and advisory services. It has served as a first mover in and has proactively brought new investors into India’s quickly evolving cleantech landscape. TCCL is incorporated as a private limited non-banking finance company in India and has been approved by the Reserve Bank of India as a systemically important non-deposit accepting non-banking finance company.

Banco de Desenvolvimento de Minas Gerais

Banco de Desenvolvimento de Minas Gerais (BDMG) is a state-level development bank in Brazil, which has the overarching goal of supporting economic, financial, and social development in the state of Minas Gerais. Founded in 1962, the Bank provides financial services for businesses of all sizes in all sectors as well as for public infrastructure projects. BDMG is a company controlled by the State of Minas Gerais and is a legal entity under private law with a mandate to operate in the State and its neighbors. It is based in the city of Belo Horizonte, capital of Minas Gerais. As a development bank, it is part of the Brazilian national financial system.

New Zealand Green Investment Finance

New Zealand Green Investment Finance (NZGIF) is a green investment bank established by the Crown to accelerate investment that reduces domestic greenhouse gas emissions. It is committed to using its capital to make a difference in moving New Zealand towards a low carbon future. NZGIF works with the investment community and all market participants to accelerate the flow of private capital, with the support of government, towards low emissions investment. As a limited liability company independent of government, NZGIF makes its own investment decisions, informed by a board and team with expertise in investment, financial markets and sustainability. NZGIF was incorporated as a company in April 2019 with an initial NZD$100 million of  investment capital and is listed in Schedule 4A of the Public Finance Act 1989. The Minister of Finance and Minister for Climate Change each hold 50% of NZGIF’s issued share capital. NZGIF is not a registered bank.

DC Green Bank

DC Green Bank is committed to achieving the mission to provide access to capital, growing the clean economy to develop a more equitable, resilient, and sustainable District of Columbia. DC Green Bank’s mandate and mission are aligned with core green banking principles, including commitments to green investment, crowding in private capital and driving market transformation. DC Green Bank’s mandated focus on low-carbon, climate-resilient (LCR) investments accelerate the District’s transition away from fossil fuels, including natural gas, in a way befitting the urgency of the climate crisis. As such, DC Green Bank is a critical partner as the District pursues its goals of carbon-neutrality and climate resiliency by 2050. DC Green Bank’s mission to grow the clean economy entails building bridges for private dollars to cross into the clean economy so that, over time, all banks become green banks.

Former Members

Japan Green Finance Organisation

Green Finance Organisation (Japan)

Japan’s Green Fund commenced operations in July 2013 after the Environment Minister announced the “Finance Initiative to Build a Low-Carbon Society”, which highlighted the need for using private capital for measures tackling global warming, in January of that year. The Green Fund is governed by the Green Finance Organization, and its objective is to solidify the business case of small to large-scale clean energy projects by making equity and mezzanine investments that attract further capital from private sources.

Green Investment Group

The Green Investment Group (GIG) was established as the UK Green Investment Bank in 2012 by the UK Government, which provided the business with its initial investment capital. The GIB was wholly owned by the UK Government until April 2017, when it was privatized and re-named the Green Investment Group. As one of the most active investors in the UK Green Economy, GIG has funded the creation of new, modern and green infrastructure across the UK. GIG’s approach is to back projects that have a double bottom-line of being green and profitable. GIG profitability is an important signal to other investors and helps attract new investors and higher levels of investment to UK green infrastructure.

Energy Efficiency and Renewable Sources Fund

The Energy Efficiency and Renewable Sources Fund (EERSF) was established through the Energy Efficiency Act (ЕЕА) adopted by the Bulgarian Parliament in February 2004. EERSF has the combined capacity of a lending institution, a credit guarantee facility and a consulting company. EERSF is structured as a self-sustainable commercial entity that concentrates its efforts to facilitate energy efficiency (EE) and renewable energy (RE) investments, and to promote the development of a working EE/RE market in Bulgaria. The Fund’s main environmental objective is to support the identification, development and financing of viable EE/RE projects, resulting in substantial reduction of greenhouse gases (GHGs).