Climate-change solutions investor Hannon Armstrong announced today the establishment of the $100 million CarbonCount Green Commercial Paper Note Program, the first green commercial paper program in the United States, with proceeds targeting green infrastructure projects, and providing transparency into the emissions avoided through the projects.

According to the company, eligible projects for investment include “Behind-the-Meter” distributed building or facility projects, which reduce energy usage or cost through the use of solar generation and energy storage or energy efficiency improvements such as HVAC systems, lighting, energy controls, roofs, windows, building shells, or combined heat and power systems; “Grid-Connected” projects that deploy cleaner energy sources, such as solar and wind to generate power where the off-taker or counterparty is part of the wholesale electric power grid, and; “Sustainable Infrastructure” projects that improve water or energy efficiency, increase resiliency, positively impact the environment, or more efficiently use natural resources.

esg playbook

CarbonCount, developed by Hannon Armstrong in 2013, is a proprietary scoring tool for evaluating investments in U.S.-based renewable energy, energy efficiency, and climate resilience projects to determine the efficiency by which each dollar of invested capital reduces annual carbon dioxide equivalent (CO2e) emissions. Hannon Armstrong uses CarbonCount to track and report on the impact of all investments.

Jeffrey A. Lipson, Chief Financial Officer and Chief Operating Officer, said:

“This CarbonCount Green Commercial Paper Program is another cost-effective and innovative component of our diverse funding platform, as we remain a leader in both climate positive investing and green debt issuance.”