The Next Green Investment Bank: Comparing Australia's Clean Energy Finance Corporation with the United States' Greenhouse Gas Reduction Fund [Note]

Abstract

The United States needs massive investments in green energy and infrastructure. As part of that investment, the Inflation Reduction Act of 2022 established the Greenhouse Gas Reduction Fund, a type of green investment bank. In 2012, Australia passed legislation that established the Clean Energy Finance Corporation, also a green investment bank. This Note explores the organization and efficiency of Australia's Clean Energy Finance Corporation and compares it to the possible investment models the United States could use in distributing the Greenhouse Gas Reduction Fund.