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Green Banks: What You Need To Know

Sustainable banking in the U.S. provides a range of options for consumers to support causes they care about, while earning competitive returns on their savings.

Green banks, which utilize public funds to encourage private investments in renewable energy and sustainable projects, have grown from one to 20 in the U.S. between 2011 and 2020, channeling $7 billion into renewable energy initiatives.

Furthermore, the majority of U.S. consumers showed a preference for financing solar panel purchases through their banks rather than through installation companies, highlighting a trust in financial institutions to support their green initiatives​.

The sector is poised for continued growth as financial institutions develop more targeted, climate-linked financial products and educate consumers on their benefits.

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