USA:

Democrats Suggest a ‘Green Bank’ to Fund Clean Energy Projects (TheBlaze.com)

Rep. Chris Van Hollen

U.S. House and Senate Democrats are proposing the creation of a “Green Bank” that would help finance clean energy projects for the purpose of helping to move the U.S. away from carbon-based fuels and saving the world from climate change.

The initial cost: $10 billion. But the legislation they offered would allow the Treasury Department to issue up to $50 billion in new debt to launch the bank.

Rep. Chris Van Hollen (D-Md.) proposed the legislation this week, with the backing of Connecticut Democrats, and Sens. Chris Murphy (D) and Richard Blumenthal (D) offered a companion bill in the Senate. Connecticut has its own Green Bank, and Democrats from that state say a national bank would help promote green technology.

Language in the bill says projects can be related to solar, wind, geothermal, biomass and other alternative energy sources, and it also includes nuclear power as an option.

Read More.....       H.R. 4522: Green Bank Act of 2014