National Climate Bank

credit: indianapolismotorspeedway

Senators Markey, Van Hollen and Schatz introduced a bill that would create a National Climate bank to use public and private funds to invest in clean technologies and infrastructure.

The Bank would provide financing to qualified green banks in the regional, state and local levels. It would also make investments directly available to projects that reduce carbon emission, and supply technical assistance for the creation of new green banks.

The legislation will expand existing green banks to include the US's largest sources of emissions, including transportation and agriculture, and new solutions like reforestation, building electrification, and financing coal plant closures.

With the National Climate Bank, it will focus on investments in projects that significantly reduce carbon emissions to create a clean, equitable economy across the nation and the world.

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