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Professor Working for Biden Admin Advocates for ‘Green Banks’ to Fight Climate Change

Professor Working for Biden Admin Advocates for ‘Green Banks’ to Fight Climate Change

Said that she sees “the issues of the energy and environment through the prism of George Floyd”

She also believes that climate change is linked to social justice. This is who is in charge now.

Campus Reform reports:

Prof-turned-Biden official advocates for ‘Green Banks’ to fight climate change

A professor and newly-appointed Biden administration official discussed “energy justice” during an interview with NPR, then explained her proposed policy solution to Campus Reform.

Northeastern University law professor Shalanda Baker — who will serve as Deputy Director for Energy Justice in the Office of Economic Impact and Diversity at the Department of Energy — told Boston’s NPR station that “the energy system is not immune from this broader reckoning with racial and social justice.”

Baker said that she sees “the issues of the energy and environment through the prism of George Floyd.” Pointing out that minority communities are more likely to experience energy insecurity, she suggested the possibility of implementing “green banks” to foster more independent energy solutions for disadvantaged communities.

“Now, if there were say, ‘green banks’ that can lend money and think about the credit risk in a more creative way, we would be able to get more community solar projects off the ground,” she explained. “I think the federal government has a lot of leeway to think about creating a federal green bank model.”

Baker’s interview was published on January 20 — the day Biden assumed office.

Campus Reform asked Baker to elaborate on her stance on “green banks” and whether the Biden administration would attempt to establish them at the federal level. Though she said she is “not in a position right now to discuss the Biden Administration’s position on whether the federal government can operate a green bank,” Baker pointed Campus Reform toward two analyses of green banks that she found to be “interesting.”

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Comments

“Think about the credit risk in more creative ways”

Right. That will make LOTS of money and never ever lose a penny because everyone involved cares so much!

What all this actually means is that the professor in question has some green investments that aren’t performing and is looking for “creative” ways to boost their value.

What the heck is “energy insecurity”? I know of nowhere in the US where the power company refuses to server non-white people.

“we would be able to get more community solar projects off the ground,”
Solar-based electricity is the worst possible solution for minority communities which are mainly in big cities. There is no room for the massive number of solar panels that would be needed, or for the huge batteries to store electricity for when the sun is not high in the air to make the panels work.

This is totally against the needs of such communities.

“Think about the credit risk in more creative ways”
Translation; Loan money to people who can’t pay it back, then get repaid by the taxpayers.
Kind of like 2008 all over again.

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