An Initiative to Build the National Climate Bank
Author: Jeffrey Schub
The next administration should support legislation to fund the National Climate Bank, a non-profit that will create millions of jobs through public-private investment in clean energy and climate-related technologies. Built on the successful “green bank” model, the Climate Bank will spur $500 billion of private and public investment, create 5.4 million jobs, and reduce greenhouse-gas emissions while driving capital into frontline and environmental-justice communities. Legislation to support this policy passed the House of Representatives with billions of dollars in funding in July. The next administration can enact this policy by including funding for the National Climate Bank in its climate and infrastructure-oriented stimulus proposals to Congress.
About the Author
Jeffrey Schub is the Executive Director of the Coalition for Green Capital (CGC), the leading expert organization and advocate for green banks that use public capital to accelerate private investment to halt climate change. Jeff directs CGC’s development, federal initiatives, and state projects, which have led to over $4 billion of investment into renewable power, building efficiency, and other mitigation technologies. Jeff speaks regularly around the world on green banks, including at events hosted by the White House, the U.S. Department of Energy, the OECD, and the American Council for an Energy-Efficient Economy. He has lectured at Yale and Columbia Universities and is a Visiting Expert at the Center for Business and the Environment at Yale. Jeff holds an MBA from the Yale School of Management and BAs in economics and public policy, both from Brown University.