"The Clean Energy Development Administration (CEDA), aka The Green Bank, is a relatively new concept for public clean-energy financing. Plans for CEDA are working their way through the U.S. House and Senate, via provisions in both chambers’ versions of pending energy legislation, and the idea has picked up considerable bipartisan support. The bank could fund a range of renewable energy, energy efficiency, and low-carbon solutions. And most important, the bank is projected to
leverage public funding by a factor of 10 to 20, so $10 billion invested by the bank could result in $100-$200 billion in total public and private investment by utilizing traditional loans, loan guarantees, and credit enhancement provisions.

While the concept of a green bank is new to energy, it isn’t new to the U.S. Similar government investments have supported private enterprise in the past, from the build out of railroads in the 19th century to the development of ARPANET, the precursor to the Internet. And there’s a rich history of quasi-governmental organizations that support investments, including the Export-Import Bank of the United States, the Overseas Private Investment Corporation, and the CIA’s not-for-profit venture capital arm In-Q-Tel."

From: "Clean Tech Job Trends, 2009"
http://www.cleanedge.com/reports/reports-jobtrends2009.php

Posted by: Alex Kragie