Our Impact
$152M
Total green municipal loans closed
$3.4B
Total green and social bonds issued
$25M
Committed to forest biomass management and utilization
$33M
Loans to climate entrepreneurs supported
About IBank Climate FinancingÂ
As a core component of IBank’s mission and across all its programs, IBank supports Californians in the transition to net-zero GHG emissions while strengthening resilience to climate impacts. IBank’s programs have financed more than $3 billion in green projects, including green bonds to replenish the state’s Clean Water and Drinking Water Fund, loan guarantees for climate entrepreneurs, supporting innovative fund models focused on climate technologies and projects, and municipal lending for climate-smart wastewater management infrastructure.
About the IBank Climate Catalyst Program Â
IBank’s Climate Catalyst Revolving Loan Fund (Climate Catalyst Program) was established in 2020 to support projects that advance California’s climate goals, including the reduction of climate harms by addressing the root causes of climate change (climate mitigation) and critical infrastructure investments that improve the ability to withstand and manage the effects of a changing climate (climate adaptation).
The Climate Catalyst Program was developed to advance IBank’s role as a California green bank, prioritizing equitable inclusion in the climate transition, and offering a range of financial instruments to help bridge financing gaps preventing climate technologies from scaling into the marketplace.
View more about the program’s goals, requirements, and application process
About California’s Green Banking StrategyÂ
IBank and the California State Treasurer’s Office — specifically, the California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA), and the California Pollution Control Financing Authority (CPCFA) — are working collaboratively to act as the state of California’s Green Bank. Together, the California Green Bank entities have facilitated investment of more than $35 billion in California’s clean energy economy and the safeguarding of its environment through green bonds, direct lending, credit enhancements, and sales tax exclusions.
Frequently Asked Questions
IBank Climate Financing
Q: Can I give input on IBank’s climate financing products?
A: Yes. Acting jointly as the state’s green bank, IBank and the State Treasurer’s Office welcome your input on California’s green banking strategy, including real-time market conditions, financing gaps in key climate sectors, and suggested financing solutions to fill those gaps. Submit your feedback and product proposals through the State of California Climate Financing Request for Information (RFI). The RFI is open and does not have a deadline.Â
Q: What is a green bank?
A: Green banks are a form of specialty finance institution, structured as policy-aligned but market-oriented lenders focused on promoting infrastructure investments that advance environmental sustainability. Green banks can be government entities, as in California’s case, or can be established as nonprofit entities closely aligned with the public interest. The number of green banks in the United States has grown considerably in recent years, approaching 50 as of fall 2024, reflecting in part the urgent need to mobilize significant amounts of new capital to address the climate crisis. Capital for green banks under the Inflation Reduction Act of 2022 has led to a surge in interest in this form of financing.
Q: Can I sign up for email updates on IBank climate financing?
Contact the Climate Catalyst Program
Contact the Climate Catalyst Program
E-mail us, HERE
Submit a project for consideration
Telephone: (916) 341-6600
Office: 1325 J Street, Suite 1300, Sacramento, CA 95814
Mailing: P.O. Box 2830, Sacramento, CA 95812-2830
