Business Praise for Clean Energy Victory Bonds Bills
Washington, DC – Today, the American Sustainable Business Council (ASBC) praised the introduction of Clean Energy Victory Bonds bills in Congress. The legislation calls for government bonds that would support clean energy and energy efficiency.
“Responsible business leaders support a speedy transition to a clean energy economy. Clean Energy Victory Bonds would provide new investment for renewable and energy efficiency that will strengthen our economy, create jobs, and increase U.S. competitiveness globally. We applaud the members of Congress for their commitment to addressing climate change while also building our economy,“ said Jeffery Hollender, CEO of ASBC.
The legislation calls for the government to issue up to $50 billion per year in Clean Energy Victory Bonds that all Americans could purchase for as little as $25 per bond. The funds raised from the bonds would support solar, wind, battery storage, infrastructure, and energy efficiency technologies at the state and federal level, with tax incentives and credits for adopting the technologies by both businesses and individuals. The bill was introduced in the House by Representatives Zoe Lofgren and Doris Matsui and in the Senate by Senator Tom Udall.
The American Sustainable Business Council (ASBC) is the leading business organization serving the public policy interests of responsible companies, their customers and other stakeholders. Founded in 2009, ASBC’s membership represents over 250,000 businesses in a wide range of industries. ASBC advocates for policy change and informs business owners, policymakers and the public about the need and opportunities for building a vibrant, broadly prosperous, sustainable economy.