New ‘green bank’ for climate projects set to launch this year

Set of black opened envelope and cash dollars
Minnesota will have its first-ever "green bank" in 2024.
Karolina Grabowska for Pexels

Minnesota’s first-ever “green bank” launches this year. The Minnesota Climate Innovation Finance Authority will distribute funding for green energy and other climate-friendly projects. The first projects from the $45 million pool could be funded early this summer.

MnCIFA currently has a Request for Information out that will be used to inform its future investment strategy.

For more on the green bank is Pete Klein, interim executive director for the Minnesota Climate Innovation Finance Authority.

To hear the full conversation, click play on the audio player above or subscribe to the Climate Cast podcast.

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