Posts tagged green banks
Congress Should Approve a Federal Green Bank to Promote a Just Energy Transition
Congress Should Approve a Federal Green Bank to Promote a Just Energy Transition

As Congress continues to debate infrastructure legislation, it should endorse a proven model for addressing the complex political landscape in the United States: Green banks. The Biden administration is proposing the establishment of a $27 billion “Clean Energy & Sustainability Accelerator’ which, in effect, would be a federal green bank. A new report from Climate Policy Lab argues that a federal green bank can be “one of the best tools in the country’s toolbox for ensuring a just energy transition” by targeting communities being left behind

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Climate SmartClimate Policy LabAuthor - Kelly Sims Gallagher, Author - Amy Myers Jaffe, green banks, policy brief, energy transition Comments
U.S. Election Results: Now What for Climate?
U.S. Election Results: Now What for Climate?

The website “Restoring American Leadership” which chronicles the transition plans of U.S. President Elect Joe Biden includes a vision specifically on climate change. It calls on the United States to go further than just rejoining the Paris Climate Agreement to build “a more resilient, sustainable economy – one that will put the United States on an irreversible path to achieve net-zero emission, economy-wide, by no later than 2050.” The plan references multiple ways to accomplish net zero goals including promoting climate smart agriculture, building greener and more resilient public transportation infrastructure, and decarbonizing the power sector as well as creating additional union jobs via a major program upgrading existing buildings.

The transition planning, as described, misses the opportunity to put U.S. actions into a global perspective. We offer some suggestions for the new administration, based on the Climate Policy Lab’s research, on how to marry national domestic climate policy with international challenges and opportunities.

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Climate SmartClimate Policy LabAmy Myers Jaffe, Kelly Sims Gallagher, 2020, US, green stimulus, energy transition, climate policy, climate policy performance, decarbonization, green infrastructure, green industrialization, Paris Agreement, low carbon growth, China BRI, carbon pricing, climate finance, national climate funds, national development banks, green banks, Mission Innovation, clean tech, green jobs, innovation, energy innovation