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Clean Energy Accelerator: Investing in Green Tech and Community Support.

This act establishes a new organization, the Clean Energy and Sustainability Accelerator, to provide financial support for clean energy and emissions reduction projects. The goal is to accelerate the transition to a low-carbon economy, lower energy costs for citizens, and ensure that the benefits of these changes reach communities most affected by climate change and pollution.
Key points
Financial support for clean energy projects: The Accelerator will provide loans and invest in technologies like solar, wind, building energy efficiency, and clean transportation.
Priority for climate-impacted communities: At least 40% of investments are directed to low-income communities, communities of color, and areas reliant on fossil fuels to aid their transition.
Consumer protection and labor rights: Projects funded by the Accelerator must comply with consumer credit protection laws, and construction workers will receive prevailing wages.
Job creation and local development: The act aims to support the establishment of state and local green banks, fostering economic growth and job creation in the clean energy sector.
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Additional Information
Print number: 117_HR_806
Sponsor: Rep. Dingell, Debbie [D-MI-12]
Process start date: 2021-02-04