Catalyzing Equitable Climate Investments: Green Banks in Chicago and Philadelphia

This research assesses green banks as a financial vehicle to fund strategic energy and building decarbonization projects through the lens of Chicago and Philadelphia. These two cities pose topical case studies to analyze post-manufacturing, segregated communities with aging building stock and historical disinvestment in black and brown communities. Will green bank investments address climate concerns in a racially just manner, or are they simply contributing to green gentrification?

Led by: Lia Downing (MCP '24)

Geography: Philadelphia, Pennsylvania and Chicago, Illinois