by Judy Lin and Rachel Becker,CAL Matters
Contending that California needs to better encourage small players with ideas to address the climate crisis, Gov. Gavin Newsom plans to include a $1 billion revolving loan program in his new budget Friday to seed recycling, low-carbon transportation and climate-smart agriculture projects, according to a summary document obtained by CalMatters.
The Climate Catalyst Revolving Loan Fund, which would grow over four years, would offer low-interest lending to small businesses and organizations that have green ideas but may not be established or connected enough to compete for venture capital funding.
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- EU sets out trillion euro plan to avert ‘climate crash’ - January 13, 2020