The Green Bank Act

The Green Bank Act is a legislative measure aimed at promoting clean energy and environmental sustainability. It typically involves the creation of a green bank, a public or quasi-public financial institution that invests in and supports renewable energy projects and energy efficiency initiatives. The goal is to leverage public funds to attract private investments, reduce greenhouse gas emissions, and create jobs in the green economy. By facilitating access to financing for clean energy projects, the act helps to accelerate the transition to a more sustainable and resilient energy system.