The Federal Reserve Bank of New York, the Federal Reserve Board of Governors, and the Carsey School of Public Policy at the University of New Hampshire are inviting policymakers, funders, business leaders, and academics to the 2022 Financial Innovations Roundtable (FIR) on June 16 and 17, 2022.
Now in its 24th year, the FIR creates cross-sector partnerships among conventional and non-traditional lenders, investors, and markets to provide low-income communities with increased access to capital and financial services.
This year, the FIR will be held in person at the Federal Reserve Bank of New York. The meeting’s focus is advancing clean energy equity. Clean energy technologies are better than ever, with costs continuing to decline. Yet the low-income and under-resourced communities—particularly communities of color, Native communities, and other traditionally marginalized populations—that are disproportionately impacted by climate and severe weather-related events lag in clean energy investments.
Community Development Financial Institutions have a long track record of providing access to capital to low- and moderate-income communities nationwide. Green Banks, established at state and local levels, use innovative financing to attract private capital and incentivize investments in clean and renewable energy. Together, the nation's network of more than 1,300 CDFIs and 21 Green Banks have the financing expertise and deep market understanding and relationships to finance a transition to clean energy.
This event will explore how Green Banks and CDFIs can funnel creditworthy projects to market and efficiently raise capital for them. The roundtable will begin to identify options and create opportunities for Green Banks, CDFIs, and impact investors to collaborate in offering a range of products, approaches, and tools to better serve communities and individuals who have thus far been left out of the transition to clean energy.
Attendance is by invitation only. For more information, contact Ellen Simon at ellen.simon@ny.frb.org.
2022 Financial Innovations Roundtable Summary Report
Clean Energy Project Development for Low-Income Communities: Strengthening the Ecosystem
Scaling Equitable Solar Finance
Visit the New York Fed's page on Community Development.
