Doris Matsui Teams with Zoe Lofgren to Help Sell Clean Energy Bonds
Congresswomen Doris Matsui (D-CA)and Zoe Lofgren (D-CA) introduced the Clean Energy Victory Bonds Act -- a bill they say will provide Americans the opportunity to invest in clean energy technologies and projects around the country. Modeled after the victory bonds sold during World War II, the Congresswomen say Clean Energy Victory Bonds would allow Americans to participate in the clean energy economy through safe investments while also helping create jobs and spur growth in clean energy technologies needed to increase domestic energy security. The legislation directs the Treasury Department to issue small-denomination, specifically designated treasury bonds to be widely sold and promoted. The proceeds will fund programs under the Department of Energy Office of Energy Efficiency and Renewable Energy that encourage the growth of renewable energy and energy efficiency technologies. The bonds are to be available for purchase by individuals for as little as $25. They predict that the proceeds are estimated to create up to $50 billion in direct investment that could be leveraged with proven incentives to accelerate the development of clean energy and clean energy technologies. “We have a shared responsibility to reverse the effects of our changing climate,” said Matsui. “This legislation gives Americans an opportunity to take action while spurring growth in clean energy technologies, increasing domestic energy security, and creating jobs. I’m pleased to join with Congresswoman Lofgren on this important legislation, which provides a pathway for investments in our country’s collective future.” More here.