Congress: Dingell seeks to establish National Climate Bank

Rep. Debbie Dingell (D-MI) is introducing legislation to establish a National Climate Bank to use federal funding to leverage larger amounts of private investment in renewable energy and projects that reduce greenhouse gas emissions. The bill, H.R. 5416 , was floated Dec. 12. It would create a non-partisan non-profit that would initially be funded with $35 billion in federal dollars over six years, with the intent to mobilize up to $1 trillion in private investment. The bank’s capital and technical...