A Federal Investment Bank For Renewable Energy
With the current financial crisis, the US has become like a typical third world nation –it’s now practically impossible to get investment debt financing, even for renewable energy for electricity we need, and even with the certain paybacks of solar, geothermal and wind power.
Since the 60’s, the US Government has helped developers and lenders finance projects in the developing world where commercial lending was previously either non-existent or considered too risky. Now Deutschbank and ClimateIntel propose that we need that help in the US too.They suggest that we create that same kind of quasi-governmental agency to jump-start the clean technology sector of renewable energy technologies in the U.S.
