Designed along the lines of the proposals in this memo, a Green Bank is a critical part of an integrated strategy that would begin to build a strong foundation for broad-based economic growth and prosperity while allowing our nation to lead the worldin the transformation to a global economy powered by low-carbon energy.An integrated clean prosperity strategy requires several elements that other nations are successfully pursuing, among them:
- Putting a price on carbon
- Requiring utilities to replace some of their carbon-based energy resources with renewable energy
- Jumpstarting investments in clean energy and efficiency