Article Summary –
The article discusses the proposed Clean Energy and Sustainability Accelerator, also known as the Green Bank, which is included in the Biden administration’s American Jobs Plan. The Green Bank, which is expected to provide $100 billion in investments over 10 years for clean energy and climate-related projects, represents a continuation of U.S tradition of using federal policy to support new industries. The article also mentions similar historical precursors like the Reconstruction Finance Corporation and the Rural Electrification Act, which supported struggling industries and helped advance technological development.
U.S. ‘Green Bank’ a Testament to Great American Tradition: A New Approach to Eco-Friendly Initiatives
The United States has taken a major leap in its commitment to environmental sustainability with the introduction of the new ‘Green Bank’. This innovative institution, a part of a rich American tradition, is set to reshape the nation’s approach to green investment and climate reform. Read more about it here.
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