By Yasar Atacik
At our May meeting, the ESRAG Board voted to move the bulk of its funds from its current bank account to a green bank. A green bank is a financial institution that uses innovative financing techniques to accelerate deployment of clean energy technologies. Our board’s decision is based on the work of ESRAG’s Climate Roadmap Working Group which, among other goals, seeks to ensure environmentally responsible management of ESRAG’s money. The bank selected for this purpose is Greenpenny Bank, which uses deposits exclusively to finance clean energy and/or carbon-reducing projects. The bank also offers comparable products to other banks we considered, as well as market-competitive rates for our savings.
