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Washington, D.C., Mayor Muriel Bowser last week announced she is planning to introduce legislation to establish a green bank, in order to fund efficiency upgrades, add renewables, lower emissions and create jobs.

Washington would be the first city to establish a green bank, though states like New York and Connecticut already have moved to establish similar financing authorities.

The bank, which The Washington Post reports would be funded with $7 million in city dollars, could offer loans, leases, and other financing services to give green energy projects more security.

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