CGC in the News: Democratic candidates are building momentum for a National Climate Bank

In an op-ed in The Hill, Coalition for Green Capital CEO Reed Hundt describes the momentum building towards a National Climate Bank, arising from the latest climate change plans issued by the Democratic presidential candidates.

The piece cites a new report from CGC finding that with $35 billion in initial capitalization, a National Climate Bank could mobilize up to $1 trillion in investment impact. A poll also has found widespread public support for a National Climate Bank.

The piece concludes:

“As images from Hurricane Dorian blanket the news, we cannot afford to leave any tool unused that could help us drive the clean energy transition more quickly. Bold plans for public investment can and should be paired with a Climate Bank to harness the power of the private sector on a trillion-dollar scale. If candidates are serious in their calls for an 100 percent clean energy system, it’s time to make the most of each dollar of funds, and it’s past time for delay.”

For more, see the full op-ed: Democratic candidates are building momentum for a National Climate Bank

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