"The idea out there that intrigues me the most is to create a win/win by focusing on green technologies, via a variation of the Green Bank that had wide bipartisan support in the House Energy and Commerce Committee and in the Senate Energy panel. Crafted and championed by Chris Van Hollen in the House and Jeff Bingaman in the Senate, the Green Bank is a way to leverage public capital into serious private investment in enhancing energy development and conservation.


A Green Jobs Bank would require Congress to fund a one time capitalization of $25 to $50 billion to make loans and loan guarantees to private companies—not, in the short run, to do cutting edge technology, but to focus on bread-and-butter things like energy conservation via retrofitting of buildings, conventional clean energy production, and ramped-up manufacture of clean energy components like wind turbines and solar panels."

From Roll Call (12/9/09)
 


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