Is the share of stimulus money proposed for green investments enough?
Nearly a third of the $550 billion Congress is set to allocate in direct spending is called “green,” including money to modernize electricity transmission and experiment with a “smart grid.” But just $8 billion is destined for renewable power and electricity-related spending, according to an analysis by FBR Capital Markets. Another $16 billion in tax credits–of $275 billion of overall tax credits–is devoted directly to green-energy development.
Renewable energy advocates insist these funds are only a down payment on the investment needed to reach President Obama’s goal creating millions of green jobs and doubling the nation’s supply of clean energy over the next three years.
Read the full story in the Christian Science Monitor at the link below.