Press Release: Jan. 8, 2020.
Today leaders from the House Energy and Commerce Committee previewed a legislative framework designed to ensure a 100 percent clean energy economy by 2050. The framework included the creation of a National Climate Bank to invest in a rapid, affordable, and equitable clean energy transition. The following statement comes from Jeffrey Schub, Executive Director of the Coalition for Green Capital:
“In presenting this framework, the Energy and Commerce Committee is showing critical leadership in the face of the climate crisis. In particular, the National Climate Bank set forth in this plan is based on legislation already introduced in the House and Senate, and on a track record of success established by state and local green banks across the country. The National Climate Bank will help the final package achieve a faster and cheaper clean energy transition, while supporting and investing in vulnerable communities including rural communities, low-income communities, and environmental justice communities.”
The National Climate Bank Act was introduced in in the House in December 2019 by Rep. Debbie Dingell, and in the Senate in July 2019 by Sens. Ed Markey and Chris Van Hollen.
- CleanTechnica: Why You Should Care About the National Climate Bank
- PV Magazine: National Climate Bank Could be a Boon for Solar
- Utility Dive: House green bank bill aims to leverage $35B in government funding into $1T in private investment
- Smart Cities Dive: House Dems Introduce Legislation to Create National Climate Bank
- Energy News Network: Northeast Green Banks Inspire National Proposal for Clean Energy Financing