Reed Hundt
About
Reed Eric Hundt is the chairman, CEO and co-founder of the Coalition for Green Capital. The idea of a national green bank came from work Hundt did for the Obama Presidential Transition Team in 2008-9, on which he was responsible for reviewing economic agencies of the federal government. The first champions of this new institution were then Congressmen Chris Van Hollen (D-Md) and Edward J. Markey (D-Mass). Legislation launching the national green bank was incorporated in ACES, the cap-and-trade bill enacted in the House, and also was passed on a bipartisan basis from the Senate Energy and Natural Resources Committee. A national climate bank bill was introduced by the same two Congressmen in 2019, after they had become senators; was passed in the House in 2020 and 2021; became part of the Inflation Reduction Act enacted in August 2022. During these years CGC created more than three dozen state and local green banks to lay the groundwork for the national entity.
