April 11, 2014
Clean Energy Bond Act Introduced in Congress
by Robert Kropp
The Clean Energy Victory Bonds Act of 2014 is modeled after the Treasury Bonds issued in the 1940s
to support the World War II effort.
The market for green bonds is projected to more than double in 2014, to $25 billion, according to a
webinar hosted earlier this year by the nonprofit organization As You Sow. Green bonds, which are fixed-income
products that invest in clean energy and other sustainability measures, were also highlighted
recently by expressions of support for the Green Bond Principles (GBP) by many of the world's largest investment
Clean Energy Victory
Bonds (CEVBs), a campaign of Green America introduced in 2012, are proposed US Treasury bonds
whose proceeds of which will finance clean energy innovation. The bonds are modeled after Victory
Bonds sold to finance the war effort during World War II, “one of the most successful fundraising
efforts in US history,” Green America stated.
Clean Energy Victory Bonds received a
boost this week when US Representatives Zoe Lofgren and Doris Matsui, along with 15 original
co-sponsors, introduced the Clean Energy Victory Bonds Act
of 2014. CEVBs will lead to “The creation of up to $50 billion in direct investment that could
be leveraged in proven incentives to accelerate the development of clean energy and clean energy
technologies,” Rep. Lofgren stated in a press release.
“The sale of the bonds is expected
to raise up to $50 billion, which would leverage an additional $100 billion from private
investors,” according to Green America.
Readers of SocialFunds.com will be familiar with
many of the nonprofit organizations and institutional investors that have declare their support for
Clean Energy Victory Bonds. Listed among the nonprofit supporters are 350.org, Ceres, and
Earthworks. Institutional investors supporting the initiative include Calvert Investments, Clean
Yield, Pax World, Self Help, and Zevin Asset Management.