URGE CONGRESS TO CREATE AN INDEPENDENT FEDERAL "GREEN ENERGY BANK" TO FURTHER INCENTIVIZE THE DEPLOYMENT OF LOW-CARBON TECHNOLOGIES TO ADDRESS GREENHOUSE GAS EMISSIONS AND CREATE GREEN JOBS
WHEREAS, for many years The U.S. Conference of Mayors has recognized and has lead local and regional efforts to address the economic, social and health impacts that result from the release of greenhouse gas emissions; and
WHEREAS, at the same time, for too many years, the absence of a national energy strategy in the U.S. has translated into enormous economic and social costs as well as weakening our international competitiveness; and
WHEREAS, it is in the national interest to transition to a low-carbon economy using commercially deployable technologies that will result in substantial reductions of greenhouse gas emissions; and
WHEREAS, a national transition to a low-carbon economy will result increased economic development, job creation, and allow for our nation to maintain a high standard of living, while preserving and protection our most environmental sensitive areas; and
WHEREAS, as a result of the dearth in private sector investment in low-carbon technologies, national greenhouse gas emission reduction goals may be in jeopardy of not being met, an independent Federal Green Bank capitalized by the Federal Government would serve as a catalyst for private sector investment in low-carbon technologies to help the country transition to a lower carbon economy; and
WHEREAS, an independent Federal Green Energy Bank would provide low cost financing to facilitate the construction of approximately 20 GW (gigawatts) of low-carbon energy on a consistent annual basis, as well as renewable energy infrastructure including smart grid technologies and transmission capacity, and as a result avoid substantial greenhouse gas emissions while mitigating the impact to energy consumers.
WHEREAS, year after year the Conference of Mayors has added its voice to addressing greenhouse gas emissions, and year after year it has been disappointed by Washington's failure to forthrightly move the nation forward toward a low-carbon economy; and
WHEREAS, with the new Congress and Administration there is a real opportunity to achieve meaningful, national energy and environmental policy reform and transformation, and the Conference of Mayors must take immediate and decisive action to take advantage of this opportunity,
NOW, THEREFORE BE IT RESOLVED, that The U.S. Conference of Mayors calls for Congress to pass legislation that would establish an independent Federal "Green Energy Bank" or a Federal clean energy financing program that will help speed the deployment of low-carbon technologies so as to mitigate against the worst impacts of greenhouse gas emissions and provide new economic opportunities and job creation in the United States.
BE IT FURTHER RESOLVED that as soon as possible the Conference of Mayors, present this resolution to Congress and the Administration and establish a working relationship with them to quickly develop and enact legislation establishing a independent Federal "Green Energy Bank"; and
BE IT FURTHER RESOLVED that The U. S. Conference of Mayors continue to advocate for other federal energy-related policies that support energy efficiency, renewable energy and deployment of new energy technology.