Today Sen. Elizabeth Warren released a Plan to Create 10.6 Million Green Jobs, which includes a green bank modeled on the National Climate Bank Act. The following statement comes from Jeffrey Schub, Executive Director of the Coalition for Green Capital:
“Green banks across the country have shown how to accelerate clean energy investment. We absolutely need to take this proven model to scale to drive investment into communities across the country. Senator Warren should be applauded for making this solution part of her Green Jobs plan.”
The green jobs plan cites CGC analysis of the National Climate Bank Act, which finds that a Climate Bank capitalized with $35 billion could mobilize up to $1 trillion in public and private investment over 30 years.
The National Climate Bank Act was introduced in the Senate in July by Sens. Ed Markey and Chris Van Hollen, and in the House last week by Rep. Debbie Dingell.
Recent press on the National Climate Bank Act:
- 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