; and (B) the States of— (i) Colorado; (ii) Connecticut; (iii) Florida; (iv) Hawaii; (v) Maryland; (vi) Michigan; (vii) Nevada; (viii) New York; and (ix) Rhode Island; (8) in the many different types of electricity markets around the country, achieving 100 percent market penetration of clean energy will require delivery of clean electric energy that is cheaper than alternative fossil-fuel based electricity; (9) market-based clean energy financing tools, such as those used by existing State and local green banks, can be used— (A) to accelerate the deployment of clean energy; (B) to reduce greenhouse gas emissions in the United States by substituting fossil-fuel based energy with lower-cost clean energy; (C) to unlock private investment by offering complementary capital that can change the dynamics of a capital stack and make new projects worth investing in for private sector capital providers; and (D) to open new markets for greater investment and increase opportunities for communities and the private sector; and (10) the Federal Government can accelerate and rapidly expand the deployment of clean energy technologies by creating a dedicated financial institution that can support the work of existing green banks and provide greater capital for efforts to reduce emissions, increasing the overall scale of clean energy investment and the pace of substitution of clean energy technologies for fossil-fuel based technologies. 5245A. Definitions In this chapter: (a) Bank The term Bank means the National Climate Bank established under section 5245B. (b) Board The term Board means the Board of Directors of the National Climate Bank established under section 5245I. (c) Chief Executive Officer The term Chief Executive Officer means the Chief Executive Officer of the Board appointed under section 5245I(i). (d) Green bank The term green bank means a dedicated public or nonprofit specialized finance entity that— (1) is designed to drive private capital into market gaps for low- and zero-emission goods and services