Ep 89: Jeffrey Schub, Executive Director at the Coalition for Green Capital
Today's guest is Jeffrey Schub, Executive Director at the Coalition for Green Capital (CGC). CGC is an international 501(c)(3) nonprofit that finances clean energy investments in the U.S. and in developing nations through the incubation of “green banks.” These banks, in turn, invest in mission-driven projects that may not otherwise be able to access capital on the commercial market. In its decade-long history, CGC has deployed over $2 billion in clean energy investments throughout the world. Jeff manages the organization and leads all business development, fundraising, and project management activities. His work in over a dozen states in the U.S. has led to green banks securing and investing hundreds of millions of dollars into clean energy. This episode cleared up some misconceptions that I had about what green banks are, their significance in addressing climate change, and how to go about establishing them. I hope you find this discussion as fascinating as I did! Enjoy the show! You can find me on twitter @jjacobs22 or @mcjpod and email at [email protected], where I encourage you to share your feedback on episodes and suggestions for future topics or guests.
Inevitable · Jason Jacobs, Jeffrey Schub
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Show Notes
In today’s episode, we cover:
- What is CGC and its mission as a nonprofit?
- Why “green bank” is somewhat of a misnomer
- The history of green banks in the U.S. both on the federal and state level
- Where the CGC adds value in the clean tech financing ecosystem
- Customers served by green banks
- The role green banks have played in jump starting new markets for clean tech
- Comparing green banks with for-profit investment firms (e.g. Ultra Capital, Generate Capital)
- Sources of funding for CGC
- Opportunities in the U.S. for green banks
- How the U.S. Department of Energy loan program aids companies in getting through the commercialization gap
- Jeffrey’s perspective on putting a price on carbon
- Views on the impact of the 2020 presidential elections and the various positions of candidates
Links to topics discussed in this episode:
- Coalition for green Capital: http://coalitionforgreencapital.com/
- NY green bank: https://greenbank.ny.gov/
- Generate Capital: https://generatecapital.com/
- Ultra Capital: https://www.ultracapital.com/
- Prime Coalition: https://primecoalition.org/
- National Climate Bank Act: https://www.markey.senate.gov/news/press-releases/senators-markey-and-van-hollen-introduce-legislation-to-create-a-national-climate-bank
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*Editing and post-production work for this episode was provided by The Podcast Consultant