Community Development Innovation Review

March 2014

The Future of the Clean (Green) Economy


Nothing is more daunting or dubious for investors, economists, and businesses than gauging the health and direction of the U.S. clean (“green”) economy. Is this a sector to “bank on”? Can it, will it, fuel the regional and national economy with substantial new investment, jobs, and business opportunities? The short answer is yes. But clarity on these questions is clouded by both the hype and unwarranted expectations of a substantial federal investment in the green economy in 2009, and a definitional challenge regarding the scope and nature of the green economy. This article describes the trends and job prospects in the clean economy, with an emphasis on the clean energy sector. Also highlighted are key issues and strategies for accelerating and meeting the growing demand and the opportunities to do this with the tools of community reinvestment community.

Download the article (pdf, 166.77 kb)

Other articles in this issue

Mixing Asset Building with Energy Efficiency: A Recipe for Financial and Environmental Sustainability

Cleaner Energy and Health: Household, Local and Global Benefits

Financing Energy Efficiency Retrofits of Affordable Multifamily Buildings

Manufactured Homes Help Both Save the Planet and Save Money for Low-Income Owners

Utilities and Community Developers Partner to Improve the Energy Efficiency of Affordable Rental Housing Nationwide

Integrating Energy Efficiency into Mortgage Financing: Promising Efforts in the New York City Multifamily Building Sector

Home Energy Efficiency and Mortgage Risks: An Extended Abstract

Charter Schools Ripe for Green Investments

Financing Energy Efficiency in Low-Income Multifamily Rental Housing: A Progress Update from the Low Income Investment Fund

Neighborhood Health: A New Framework for Investing in Sustainable Communities

Bringing Down Green Financing Costs: How a State-sponsored Bank Might be the Key

Understanding the True Benefits of both Energy Efficiency and Job Creation

Can Cities Lead the Way in Innovative Energy Retrofits for Single-Family Homes?

Lenders’ Property Standards and Energy Efficiency: The Vital Link for Affordable Housing

Energy to Heal: Health Care, Climate Change, and Community Resilience