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Taylor: Do we need a Green Bank to speed up transition to clean energy? June 9, 2021 FacebookTwitterEmail The GE-Alstom Block Island Wind Farm stands in the water off Block Island, Rhode Island. A Green Bank, at its best, is a public-sector, or quasi-public, financial nudge to accelerate and expand private-sector investment in innovative, climate-friendly energy companies.Eric Thayer /Bloomberg News file photo Let’s posit for a moment that we want renewable energy, but the technology does not exist to make a fast, substantial shift financially viable in 2021. Let’s further posit that we’re looking for a financial mechanism for encouraging the renewables shift faster rather than slower, and bigger rather than smaller.

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