LPDD Model Law: Federal Green Private Activity Bonds Act
Proposes an expansion in the scope of tax-exempt private activity bonds to include a wide variety of decarbonizing activities and projects.
LPDD Recommendation: “Local governments, States, and the federal government should support financing of carbon reducing technologies through the issuance of green bonds.”
LPDD Recommendation: “Accrediting agencies such as Moody’s and the International Capital Market Association should adopt improved green bond standards more closely tied to guaranteed and achieved carbon performance.”