Democrats are pushing a National Climate Bank
The idea of a National Climate Bank is catching on in Congress, and it could infuse billions of dollars into efforts to eliminate the US’s planet-heating carbon emissions. A handful of Congressional proposals have been made over the past year calling for the government to start investing in technology upgrades and inventions that would cut down on greenhouse gases. Funds from the National Climate Bank would ideally lower the financial risks associated with green innovation — encouraging private investors to throw more money into the pot, without shifting costs to consumers. The hope is that the bank can tackle everything from building up the infrastructure for electric vehicles and solar power storage, to making communities more resilient to the effects of climate change.
