Washington (July 20, 2021) – Today, U.S. Senator Edward J. Markey (D-Mass.), Senator Chris
Van Hollen (D-Md.), a member of the Senate Budget Committee, and Congresswoman
Debbie Dingell (MI-12) applauded the inclusion of their Clean Energy Accelerator within the Democratic budget resolution
climate bank that accelerates our deployment of energy-efficient and
zero-emission technologies is a clean win for our Democratic infrastructure
priorities—jobs, justice, and climate action,” said Senator Edward J. Markey.
“With an innovative structure that can leverage initial public investments into
major projects boosted by private dollars, this bank can finance our clean
energy, clean buildings, and clean communities revolution,” said Senator Markey.
in clean energy will not only help us tackle the climate emergency but is also
key to generating millions of new American jobs. Our Clean Energy Accelerator
is a potential game-changer – taking a model that’s been proven to work and
creating a national engine to drive innovative climate solutions that will help
us build a greener economy and a more equitable future for generations to come.
As a member of the Senate Budget Committee, I worked to include this crucial
priority in our framework and, after years of effort
by a large coalition, we must keep pushing until we get this over the finish
line,” said Senator Van
a rapid transition to a clean economy by 2050 – and to create good-paying
American jobs – we need comprehensive efforts to spur innovation in the
economy, technology, and society. Our Accelerator is a critical, proven tool to
achieve this goal,” said Rep.
Dingell. “Through publicly
financing and stimulating private investments in clean, renewable energy
projects and clean transportation, we can support the communities most effected
by the climate crisis. I’m thankful the Accelerator was included in this
framework, and I’ll continue to fight for it so we can create good jobs and
build a strong workforce while also ensuring a cleaner economy in Michigan and
across the country.”
the lawmakers reintroduced their National Climate Bank Act, legislation to
create a “Clean Energy and Sustainability Accelerator” to leverage public and
private funds to invest in clean energy technologies and infrastructure. The
lawmakers’ proposal would provide financing to eligible regional, state and
local green banks; make investments directly into projects that reduce carbon
emissions; support workers and communities negatively impacted by the climate
transition; and provide technical assistance for the start-up of new green
banks around the United States. It also would require that 40 percent of all
investments be directed into disadvantaged communities facing climate impacts.
The legislation was cosponsored by Senator Brian Schatz (D-Hawaii) and Senator
Richard Blumenthal (D-Conn.). In the House, Congresswoman Dingell leads the
companion legislation, the Clean Energy and Sustainably Accelerator Act.