To put the number in perspective, this is roughly the amount under management by Germany's KfW - the most ambitious industrial policy bank in the developed world. (Itself modeled after New Deal institutions to execute the Marshall Plan.)
https://twitter.com/MikeGrunwald/status/1453722698907938816
$4 billion to Department of Energy to fund installation of clean energy retrofits. This could go a ways (the whole ways @rebeccawdell?) to upgrading steel and aluminum facilities across the country. 
$5b to just transition.
The Biden framework from this morning also says the green bank is in, which is great. I am not yet finding it in Pelosi's just released text, however. Name has changed a bunch, tho, so could be that.
rules.house.gov/sites/democrat…
rules.house.gov/sites/democrat…
Yes, the third (at least name change), h/t @jeffrey_schub.
The Greenhouse Gas Reduction Fund is getting
- $7 billion for zero-emission tech
- $2 b for EV grid
- $11.9 b for general green investments
- $8 b for environmental justice
= $28.9 billion
The Greenhouse Gas Reduction Fund is getting
- $7 billion for zero-emission tech
- $2 b for EV grid
- $11.9 b for general green investments
- $8 b for environmental justice
= $28.9 billion
I believe this is one part of Build Back Better that's actually getting more money than we thought it would a month ago!
And a bunch of that money can be leveraged by state green banks who will be the recipients. Total capacity close to $300 b not crazy.
And a bunch of that money can be leveraged by state green banks who will be the recipients. Total capacity close to $300 b not crazy.
https://twitter.com/toddntucker/status/1447300275753082880
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