Could the US benefit from a national green bank?
In early March, the US House of Representatives introduced the CLEAN Future Act, a bill that contains comprehensive legislation for combatting climate change. Among the Act’s proposals is the establishment of a Clean Energy and Sustainability Accelerator, which would be capitalised with $100 billion in federal support to boost private-sector investments in clean energy and other climate solutions, and thus help various private entities to make the necessary transitions towards a clean economy. As such, many are now classing the Accelerator as akin to a “national green bank”, one that will ostensibly play a crucial role in the success of such a transition.
25 June 2021 | International Banker