U.S. bill to create clean energy investment agency

Typography
U.S. lawmakers introduced legislation last week that would establish a new independent agency to spearhead government clean energy investments.

U.S. lawmakers introduced legislation last week that would establish a new independent agency to spearhead government clean energy investments.

The bipartisan bill, introduced by Senate Energy and Natural Resources Committee Chairman Jeff Bingaman and ranking member Lisa Murkowski, would establish a Clean Energy Deployment Administration within the Energy Department.

!ADVERTISEMENT!

The new agency would provide various forms of credit including loans and loan guarantees to support environmentally friendly technologies that diversify the nation's energy supply and reduce carbon dioxide emissions. A clean energy investment fund created from collected payments and fees would be used to start the agency.

Article continues