In order to deliver on the climate pledges made by world leaders to the United Nations, $13.5 trillion must be invested in energy efficiency and low-carbon technologies between 2015 and 2030, or about $840 billion annually. A Green Bank is a publicly capitalized entity established specifically to facilitate private investment into domestic low carbon, climate resilient infrastructure and other green sectors such as water and waste management. They prioritize deploying clean energy over maximizing profits and use innovative private financing to accelerate the transition to clean energy and fight climate change.
Pending Legislation: S.283 - National Climate Bank Act
Sponsor: Sen. Edward Markey (MA)
Status: Senate Subcommittee on Clean Air, Climate, and Nuclear Safety (Environment and Public Works)
Chair: Sen. Edward Markey (MA)
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