Green bank

Well, you should meet my dear friend Sam Ricketts, who's the main character in the book, because he is obsessed with state and local capacity and how we should give money to the states and local governments.

And he wrote actually a retrospective report on these things, including about the Green Bank money.

And I had thought, and maybe some of the people who worked on the Green Bank had thought, that that was going to go to states, that there was going to be given to state.

And instead, they went through a process and they ended up giving it to nonprofits.

And that became really political, because you know, handing billions of dollars to like a nonprofit per your point is doesn't have the same institutional constraints as giving it to a government.

And I think had they made that different choice, it was be less likely that it would have been repealed.

Cause if Oklahoma had gotten a green bank money and Kentucky and all these different places.

So I think it's a really valid point and you should definitely a read the book and B cause Sam Ricketts is in the book and B talk to Sam Ricketts.

And a lot of the schools who benefited from this program stood up with the Green Bank and said, you had a shot and we liked this option better.

It was fundamentally different product.

They're not competing with you.

We weren't going to do this project until we talked to the Green Bank.

When solar at schools took off in Connecticut, it wasn't driven by federal tax credits or state grants.

Instead, it was the launch of a public solar development program by the state's innovative Green Bank.

Its lesson was clear.

To do more cost-effective solar faster and to deliver it on projects with a range of positive payback, public financing and development worked better than leaving schools to figure it out in the private market.

What does that look like?

The Green Bank.

Okay.

It looks like the Green Bank.

But what's happened-

But capitalism.