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Post by sweetpea33 on Jan 22, 2024 22:47:20 GMT -8
According to the Coalition for Green Capital, roughly $21 billion in near-term infrastructure projects would benefit from the national legislation, including $3.1 billion in climate resilience measures, $5.3 billion in building efficiency and upgrade initiatives and $626 million in electrification. Specific opportunities include solar and storage projects on Native American tribal lands, on-bill financing via utility partnerships to upgrade rural homes and resilient infrastructure lending programs. There oughta be a law From the private-sector perspective, a national institution could attract a wider variety of lending partners — from massive banks and lenders committed to investing in projects that serve the goals of the Paris Agreement to hyperlocal institutions that can meet the needs of disadvantaged communities Email List that aren’t well-served by the traditional financing system. The federal legislation would require that at least 40 percent of the funds be used for communities that have been most negatively affected by climate change impacts or that that have suffered substantial job losses as a result of the transition away from fossil fuels. The latter is particularly important in ensuring that infrastructure investments don’t perpetuate the same system of inequity that built today’s aging infrastructure. "We have to make sure that we’re not just kind of rebranding the old system and that we’re interrogating and transforming the values that underlie those financial systems as well. … If we propagate the idea of green banks without transforming the values that underlie these institutions.
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