States offer clues for Biden’s $27B green bank plan

BY Peter Behr, E&E News reporter — 06/4/2021

E&E News reports on a a yearslong campaign to establish a federal green bank for community-based clean energy projects has hit a political high-water mark with a $27 billion pledge of support in President Biden’s fiscal 2022 budget proposal. SELF is one of several green banks featured in the article.

Here is an excerpt that features SELF:

New York state’s program includes community-level solar projects serving apartments and single-family homes. California’s fund will finance electric conversions of heavy-duty truck fleets to reduce vehicle pollution in low- and moderate-income neighborhoods, according to a coalition rundown. The Florida Solar and Energy Loan Fund helps low-income households strengthen roofs against extreme storms. The Connecticut bank raises funds for clean energy renovations at churches, at small businesses and in manufacturing, particularly in low-income communities (Energywire, Aug. 28, 2020).

The article is available for readers subscribed to E&E News and can be found here.

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