Treasury Bonds for Clean Energy
A group of Democrat legislators are borrowing a page from the WWII “war bond” model to increase the uptake of renewable energy and energy efficiency. They’ve introduced a bill – the Clean Energy Victory Bonds Act of 2014, which would allow Americans to invest in clean energy, starting as low as a $25 purchase of a new US Treasury bond.
The bill was introduced by US Reps. Zoe Lofgren (D-Cali.) and Doris Matsui (D-Cali.) and includes 14 co-sponsors: Rep. Mike Honda (D-Cali.), Rep. Chellie Pingree (D-Maine), Rep. William Clay (D-Mo.), Rep. Eleanor Holmes Norton (D-DC), Rep. Judy Chu (D-Cali.), Rep. Steve Israel (D-NY), Re. Matt Cartwright (D-Pa.), Rep. Mike Quigley (D-IL), Re. Katherine Clark (Mass.), Rep. Niki Tsongas (D-Mass.), Rep. Carol Shea-Porter (D-NH), Rep. Tony Cárdenas (D-Cali.), Rep. Lois Capps (D-Cali.), Rep. George Miller (D-Cali.) and Rep. Rush Holt (D-NJ).
The bill is endorsed by Green America and the American Sustainable Business Council, which says the Clean Energy Victory Bonds would leverage $50 billion in investment to provide up to $150 billion in public and private financing to fund energy technologies. The Clean Energy Victory Bond would provide individual and institutional investors with the opportunity to invest in clean energy sectors such as solar, wind, second generation biofuels, electric vehicles, and residential and commercial energy efficiency programs.
In addition, the Clean Energy Victory Bond would extend tax credits for renewables for a decade.
- 2014 Insider Knowledge Report
- 2014 Environmental Leader Product and Project Awards
- Act Local, Think Global: To Drive Agrifood Supply Chain Sustainability
- Trends in Energy Management: Where Should Your Next Investment Be?
- The CFO and the Sustainability Reporting Chain
- 6 Steps from Getting the Most From Every Lighting Retrofit
- The Top 5 Things You Should Know about Big Energy Data
- Essential Guide to Lighting Retrofits and Upgrades
- Guide to Energy, Carbon and Environmental Software
- NAEM Research Report: Planning for a Sustainable Future
- Energy Efficiency Requires Engineering Efficiency
- Integrated Building Optimization: A Crucial Convergence of Demand-side and Supply-Side Energy Management Strategies
- Driving Productivity and Profit with Industrial Energy Management
- Energy Procurement in 2014: Products & Programs to Optimize Savings
- BUYING STRATEGIES IN A VOLATILE MARKET: What Businesses Need to Know about Retail Electricity Procurement