IDEA FOR THE BASQUE COUNTRY #18: A Good Bank
In order to multiply investment in energy efficiency and renewable projects. It would be a public-private bank that would lend to invest in clean projects. The funds would come:
• From the public sector, which would concentrate a good part of the aid that currently exists for environmental and energy projects.
• From an issuance of energy efficiency certificates that would have to be purchased by citizens and companies based on a new energy efficiency law that commits to the need to save energy. The certificates as bonds would have an economic return based on the bank’s investments and could have an advantageous tax treatment for the holders.