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

Massachusetts is Investing in Greener, More Affordable Homes with Community Climate Bank

In June 2023, Governor Maura Healey launched the Massachusetts Community Climate Bank, the nation’s first green bank dedicated to affordable housing and announced an initial $50 million deposit. By focusing on the affordable housing market, the Climate Bank aims to facilitate an equitable energy transition and meet the needs of environmental justice populations while reducing emissions from residential buildings across the state.

Source: Massachusetts Community Climate Bank

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U.S. Climate Alliance Governors Celebrate Two-Year Anniversary of Historic Inflation Reduction Act

August 2024

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U.S. Climate Alliance Governors Celebrate Two-Year Anniversary of Historic Inflation Reduction Act

August 2024

Read the Press Release

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.

Press Release | 2024

The U.S. Climate Alliance today announced that 23 members have been awarded funding — approximately $2.9 billion collectively — under the Biden administration’s Solar for All competition.
U.S. Climate Alliance Members Collectively Secure Nearly $3 Billion to Deploy Residential Solar Energy in Low-Income Communities Across America

23 of its members have been awarded funding under the Biden administration’s Solar for All program.

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