Economy / FinancePolitics

Basel III Endgame Poses Unexpected Threat to Biden’s Green Energy Plans


‘Basel III’ bank rules could pose unexpected threat to Biden’s green energy plans Banks, renewable energy groups, and congressional Democrats are raising alarms about potential harm to clean energy and climate goals from a proposed banking regulation. The “Basel III endgame” framework would require banks to hold more capital for certain investments, including tax equity investments in renewable energy projects. The renewable energy sector has drawn $18 billion to $20 billion through tax equity investments in recent years and is projected to expand to $50 billion in the coming years. WASHINGTON, D.C. – On a rooftop overlooking Gallaudet University in…

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