ABB_id2059
in News Departments > Policy Watch
print the content item

U.S. Reps. Zoe Lofgren, D-Calif., and Doris Matsui, D-Calif., have introduced the Clean Energy Victory Bonds Act. According to the legislators, Clean Energy Victory Bonds are patterned after the victory bonds sold during World War II and would allow Americans to participate in the clean energy economy.

"Individual citizens helped turn the tide in World War II with victory bonds, and we can do that again for the energy and environmental challenges we face by allowing folks to invest in innovative technologies that yield a profitable return for the investor and to society,” says Lofgren.

Under the proposed legislation, the lawmakers say the U.S. Treasury Department would issue small-denomination, specifically designated bonds that are widely sold and promoted to fund and extend existing tax incentives and credits that encourage the growth of renewable energy and energy efficiency technologies. The bonds would be available for purchase by individuals for as little as $25, and the legislators say the proceeds could help create up to $50 billion in direct investment.

In addition to Lofgren and Matsui, original co-sponsors of the Clean Victory Energy Bonds Act include over a dozen Democrats from across the country.

Green America and the American Sustainable Business Council, among other groups, have endorsed the bill.

Todd Larsen, corporate responsibility division director of Green America, says, “There are currently few investment opportunities for the average investor interested in supporting the shift to a clean energy economy, so this bond fills a need for both investors and industry.”

“From a business perspective, the Clean Energy Victory Bond makes great sense,” adds Richard Eidlin, co-founder and policy director of the American Sustainable Business Council. “The clean energy industry has not had the steady flow of financial support that investors and business need to plan effectively, resulting in investors often deciding to place their investments overseas rather than in the U.S.”



Hybrid Energy Innovations 2015

Trachte_id2056
Latest Top Stories

U.S. Wind Power Installations Surpassed 4.7 GW Last Year, Although China Still Leads

Bloomberg New Energy Finance reports that U.S. wind installations came back in a big way from a disappointing 2013.


IRS Specifies Performance, Quality Standards For Small Wind Turbines

The Internal Revenue Service (IRS) recently issued guidelines creating safety and performance standards for small wind turbines to be eligible for the 30% investment tax credit.


Hot Times North Of The Border: Canada Tops Previous Record For Installed Wind Capacity

For the second consecutive year, Canada's wind market has bested the country's previous mark for new installations.


Report: Policy Uncertainty Fuels Market Exodus As Firms Bolt North American Wind Industry

The global wind energy supply chain has yet to recover from the slump that began in 2013. In fact, many segments are undergoing a transformation, according to market research firm FTI Consulting.


Utilities Deal "Near-Fatal" Blow To Cape Wind: UPDATED

Despite its remarkable resiliency, could this latest setback mean the end for the controversial offshore wind farm?

Hybrid Energy Innovations 2015