Climate Finance

Climate Finance

Alliance members are deploying a wide range of financial policies and programs, leveraging diverse funding sources, and partnering across the public and private sectors to finance the net-zero transition.

Member Action

Climate Finance

Below are tallies of the number of members that have adopted or are in the process of adopting statutory and executive policies and actions.

For the most up-to-date, in-depth breakdown of climate finance actions across our membership, explore the Alliance Policy Database.

Alliance Policy Database

Did You Know?

  • Pioneered at the state and local levels, green banks have helped reduce barriers to financing billions of dollars’ worth of clean energy projects, helping governments make progress towards achieving their climate goals.
  • States are designating State Energy Financing Institutions (SEFIs) to leverage up to $40 billion in federal lending authority from the U.S. Department of Energy’s Loan Programs Office to support clean energy projects.

Sources: Environmental Protection Agency; Department of Energy

Member Spotlight

Michigan Launches Climate Investment Accelerator

In November 2024, Michigan announced the Michigan Climate Investment Accelerator to scale green lending across the state. Comprised of the $11 million Michigan Climate Investment Fund (MCIF) and the Michigan Climate Investment Hub, the Accelerator helps community lenders secure funding from the Greenhouse Gas Reduction Fund (GGRF), created by the U.S. Environmental Protection Agency (EPA) through the Biden-Harris Administration’s Inflation Reduction Act (IRA).

Source: Michigan Department of Environment, Great Lakes, and Energy

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U.S. Climate Alliance Releases Annual Report Highlighting Surge in Climate Investment and Action — “There’s No Turning Back”

October 2024

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U.S. Climate Alliance Releases Annual Report Highlighting Surge in Climate Investment and Action — “There’s No Turning Back”

October 2024

Read the Press Release

Press Release | 2024

U.S. Climate Alliance Governors Celebrate Two-Year Anniversary of Historic Inflation Reduction Act: The largest investment in climate action in U.S. history is supercharging state-led climate action across America.
U.S. Climate Alliance Governors Celebrate Two-Year Anniversary of Historic Inflation Reduction Act

The Inflation Reduction Act (IRA) is the largest investment in climate action in our nation’s history.

Press Release | 2024

The U.S. Climate Alliance today announced that 14 of its members have collectively secured more than $2 billion in historic funding as part of the second phase of the Biden-Harris administration’s Climate Pollution Reduction Grants (CPRG) program.
U.S. Climate Alliance Members Collectively Secure More Than $2.5 Billion to Slash Harmful Climate Pollution

These awards, made possible by the Inflation Reduction Act (IRA), will provide direct funding to 14 Alliance states.

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