27 Aug '12, 2pm

Can Victory Bonds open a new front for clean energy?

Can Victory Bonds open a new front for clean energy?

A bill just introduced in the U.S. House of Representatives would support the $7.5 billion Clean Energy Victory Bond Act. HR 6275, by California’s Bob Filner and Dennis Kucinich of Ohio, promotes the domestic development and deployment of clean energy technologies. These Series EE and I bonds, available in $25 increments, would be sold to the general public, and are reminiscent of the World War II Victory Bonds that generated more than $185 billion at the time — $2 trillion in today’s dollars. Oil subsidies have long inhibited the growth of the renewable energy industry. This unfair playing field, maintained by the oil lobby and the elected officials who cater to it, has meant that very little investment capital has been directed to this sector. During the economic downturn, the American Recovery Reinvestment Act channeled more than $11 billion in grants and contracts to h...

Full article: http://www.greenbiz.com/blog/2012/08/27/can-victory-bonds...

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