Clean Energy Bank (CEB), also called Clean Energy Investment Bank, is a proposed federal government corporation of the United States to assist in the financing, and facilitate the commercial use, of renewable energy and energy efficiency technologies within the United States.[1]
The CEB could be created through the enactment of Senate bill S. 3233, the 21st Century Energy Technology Deployment Act[2] authored by Senator Jeff Bingaman[3], with a companion introduced by Representatives Jay Inslee and Steve Israel [4] and S. 2730, the Clean Energy Investment Bank Act of 2008[5][6] authored by Senator Pete Domenici. These two bills received bipartisan support and have been endorsed by the US Chamber of Commerce, Google.org and the Solar Energy Industry Association (SEIA). [7]
During the Energy and Commerce Committee consideration of H.R. 2454, the American Clean Energy and Security Act of 2009, Representatives Dingell and Inslee offered the text of the 21st Century Energy Technology Deployment Act as an amendment which won bipartisan support and was included in the bill that passed on the floor of the U.S. House of Representatives on June 26, 2009 [8]. If passed by the Senate, the CEB would become law to deploy new clean energy projects.
Finally U.S. Congressman Chris Van Hollen in March 2009 introduced the Green Bank Act of 2009. If passed, the legislation would create the Green Bank as an independent, tax-exempt, wholly owned corporation of the United States. The Bank's mandate would be to provide a range of financing support to qualified renewable energy and energy efficiency projects within the territorial United States. [9]
Contents |
The Coalition for Green Capital (CGC) is a consortium of energy industry leaders including renewable resource developers, original equipment manufacturers, investors, financial advisors and consultants dedicated to unleashing a new era of private investment in the green energy for clean and sustainable energy and jobs, and economic development.[10]