- Smart Cities Dive: House Dems Introduce Legislation to Create a National Climate Bank. “The smaller banks can help target investment in certain communities that need it, but the national bank would help mobilize investment on the necessary scale — and faster than the private sector could, CGC Executive Director Jeffrey Schub told Smart Cities Dive.”
- Utility Dive: House green bank bill aims to leverage $35B in government funding into $1T in private investment. “Dingell’s state green bank, Michigan Saves, has been around for nearly a decade and needs additional funding to support energy efficiency and clean energy programs, its president and CEO, Mary Templeton, told Utility Dive.”
- Renewables Now: US congresswoman Dingell introduces bill to form USD-35bn National Climate Bank. “The new nonpartisan non-profit will utilise methods proven by existing state and local Green Banks across the US and will prioritise investments in frontline, rural, low-income and environmental justice communities that suffer the most from climate change and pollution.”
- Inside EPA: Dingell seeks to establish National Climate Bank. “The bill, H.R. 5416 , was floated Dec. 12. It would create a non-partisan non-profit that would initially be funded with $35 billion in federal dollars over six years, with the intent to mobilize up to $1 trillion in private investment.”
- E&E News: Dems propose green bank to finance decarbonization. The new bill has support from a variety of environmental groups, which see it as an easy way to get the private sector more involved in decarbonization. ‘A climate bank is a model for how the financial, government, and private sectors can work together to leverage investment in climate action,” Markey said in a statement. ‘Finding innovative ways to capture and accelerate the momentum of the green economy is the kind of American ‘can-do’ spirit that we will need to combat the climate crisis.'”
- The Architect’s Newspaper: Democrats introduce bill in Congress to establish a National Climate Bank. “While it’s been proven that publically-funded green banks work—other countries including Switzerland and the United Kingdom have found success and are expanding their initiatives—the U.S. has yet to launch a dedicated federal plan.”