Daniel C. Esty

Yale’s Dan Esty points to hopeful signs of progress on a bottom-up response to climate change in the wake of the Paris Agreement.

The idea of “green banks”—public lending institutions designed to help finance private clean energy projects—has been around for a while, but states have recently begun establishing their own versions. With the federal government slow to innovate in the sector, state officials are hoping to provide crucial support for clean energy and spur economic growth. But to work, green banks require a rethinking of the nature of the private-public relationship.