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Does The Credit Crunch Help Or Hurt The Issue of Climate Change?

Reenita Malhotra — Tue, 07 Oct 2008 17:17:13 +0000

Whether the global credit crunch will actually help or hurt the search for solutions to climate change is becoming a debatable issue.

Currently, the issue of climate change appears to be on the back burner as governments are focused on the financial problems that have shaken the global economy. It could be several months before politicians return to focusing their attention on long term problems like global warming.

Green Economy Will Rebound Faster From Financial Turmoil

Reenita Malhotra — Sun, 05 Oct 2008 09:17:21 +0000

The green economy shows signs of rebounding faster than others shaken by the global financial turmoil. There are several indicators pointing to the fact.

Government Guaranteed Revenues for Large Renewable Energy Players

Unlike other industries, renewable energy has government-guaranteed revenues. However it is likely that as the credit crunch plays out, the re-bounders will be big utilities who are not reliant on banks for short term loans rather than start-ups who do.

$700 Billion Bailout Includes Tax Credits For Renewable Energy Industries

Reenita Malhotra — Sat, 04 Oct 2008 23:18:40 +0000

Given the hue and cry that has been unleashed in America with regard to the bailout, there is finally good news for the renewable energy industry. The Emergency Economic Stabilization Act of 2008, passed by the House of Representatives with a vote of 263 to 171, and signed into law by President George Bush immediately afterwards, extends investment and production tax credits for the wind and solar industries. The extensions will be partly paid for by a change in the tax code for the oil and gas industry.

>>More on renewable energy tax credits in Congress