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) partners with business organizations and companies to advocate for solutions and policies that support an equitable, sustainable, stakeholder economy. We are a multi-issue, business organization advocating on behalf of all sectors, sizes, and geographies of industry. ASBC and our association members collectively represent over 250,000 businesses across our networks.
We are coalition-focused in our approach to solving the pervasive and systemic issues of climate and energy, infrastructure, circular economy, and creating an inclusive stakeholder economy, all seen through the lens of racial equity and justice. We are changing the rules by which business is done so it is better for all people and the environment