Governor Dunleavy Introduces Legislation to Establish an Alaska Green Bank | REAP
Governor Dunleavy Introduces Legislation to Establish an Alaska Green Bank | REAP
REAP has been working on this concept for more than six years, and the introduction of this legislation comes at a time when an unprecedented $27 Billion in funding for state green banks is available from the federal green bank, called the Greenhouse Gas Reduction Fund.
What is a Green Bank?
A green bank is an entity that accelerates the deployment of clean energy using limited public dollars to attract private capital investment in clean energy projects.
What would the Alaska Energy Independence Fund do?
- Stimulate much-needed investment in energy efficiency and renewable energy.
- Lower the energy burden on businesses and families.
- Enable businesses to be more competitive and strengthen their bottom lines.
- Help families conserve money for other pressing needs, like rent, food, and medical expenses.
- Increase capital investment and jobs.
- Help private lenders make these needed investments, putting good loans on their balance sheets at a time when loan growth is particularly slow.
You can help!
Reach out to REAP’s Outreach Director, Donovan Russoniello, if you’d like to write a letter or email of support to the relevant committees!
We’ll have more info and ways to help as this news develops!