Wind Energy Market 2009
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What do you think about the proposed creation of a new ‘green bank’?
Reed Hundt, the former FCC chair under President Clinton and Congressman Ed Markey are trying to make the creation of a ‘Green Bank’ part of the next jobs bill. A green bank would would “open credit markets and motivate businesses to invest again,” and “enable clean-energy technologies — in such areas as wind, solar, geothermal, advanced biomass, and energy efficiency — to be deployed on a large scale and become commercially viable at current electricity costs.”
http://www.americanprogress.org/issues/2009/05/pdf/green_bank_memo.pdf
Such a bank would also help loosen the available credit for small businesses, and establish the reliable source of funding entrepreneurs need to know will be there if they devote themselves to green technologies and start ups.
What do you think about this proposal?
jim – I know it’s a difficult concept, but I suggest you do a little research into what a bank is.
Given the choke hold that Obama has put on the bank (this is why it is still difficult to get loan and the credit cards have continually been reducing credit limits), if they were to come up with a “green bank”, Obama would certainly be able give that “green bank” a looser collar making it possible for growth. Further adding tax incentives and credits for said banks would go a long way in helping to make some of the greener technoologies more marketable. As such I would like to see it occur. My problem is the forced use of green technologies that are not commercially viable. We want to spend some money on increasing the marketability of green techs, I’m all for it.
BTW I understand why Obama has put a collar on the banks. I think he might of made the collar a little too tight, though.
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