The Small Business Green Recovery Fund to fuel the climate transition in the United States

The Small Business Green Recovery Fund to fuel the climate transition in the United States

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The US private sector faces the dual challenge of recovering from the devastating effects of the pandemic and transitioning to a low-carbon economy. The Biden administration’s plan to “build back better” highlights the need to support small businesses and advance racial equity, to which he proposed a $ 30 billion small business opportunity fund. However, there is a need for cross-cutting policy initiatives that exploit the unique opportunity offered by the pandemic to simultaneously advance sustainability and rapid economic recovery. This proposal calls for a federal $ 50 billion “Green Small Business Stimulus Fund” that promotes green innovations and investments among small businesses that advance climate change mitigation,…

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