Washington DC, April 26, 2018// A new bill will offer Americans who are supportive of a clean energy future for the U.S. a safe and affordable way to invest in solar, wind, energy efficiency and other leading technologies. Modeled on World War II “war bonds,” the Clean Energy Victory Bonds Act of 2018 would offer Treasury Bonds, available in denominations starting as low as $25, that will boost the financing of the Office of Energy Efficiency and Renewable Energy (EERE) by $7.5 billion per year. The bond would be backed by the full faith and credit of the U.S. government.
The bill was introduced by U.S. Reps. Zoe Lofgren (D-Cali.) and Doris Matsui (D-Cali.) and endorsed by Green America, which represents over 250,000 individuals and 3,000 businesses nationwide. The bill would provide financing for EERE’s programs that create and sustain American leadership in the transition to a global clean energy economy. Investing in EERE’s programs will not only create a cleaner environment, it also pays healthy economic dividends. EERE reports that “taxpayer investment of $12 billion has already yielded an estimated net economic benefit to the United States of more than $230 billion, with an overall annual return on investment of more than 20%.”
“Americans across the country are strongly supportive of clean energy, because it creates jobs, energy security, and cleaner air,” said Green America Executive Co-Director for Consumer and Corporate Engagement Todd Larsen. “Clean Energy Victory Bonds will allow all Americans to invest in the clean energy economy. It’s a great way to give people the chance to make a patriotic investment in the nation’s future.”
“The green energy economy is advancing worldwide and it is important that the U.S. remain a leader to ensure jobs and robust economy for all in the coming decades” said Green America Executive Co-Director for Business and Investing Fran Teplitz. “Clean Energy Victory Bonds are a smart, low-risk investment that will pay off for individuals, for the U.S. as a whole, and for our planet.”