Wednesday, September 24, 2008

It takes Green to make Green

There is no shortage of great Green ideas for sustainable green communities. What lacks is money to implement them when the payback is 5-10 years long. The best source of finance is with municipal entities who can issue tax exempt financing currently at 2-3 % rate. Anyone can ensure the future energy prices by taking the risk to invest in alternative power technologies, but it is hard to come up with upfront cash. This is why the implementation is so slow.
Sustainable green community can break this bottleneck by raising money as Green Bonds and allow the tax payers to borrow and invest in green energy generation or energy conservation projects. The money will come back to the green fund each year from each borrower and fund other projects. After the loan is paid back the homeowner will have free energy onwards and municipality will have their money back to lend again. No one loses and we all win.
Hope that some courage will prevail as Leaders take such initiatives.

Friday, September 19, 2008

It is Time for Leaders to Green American Economy

Most of us have watched the Wall Street go in tumbles and our Government trying to bail out the institutions with our money. Billions and trillions in debts is simply covering some greed inspired management people who received bonuses and gain from very poor decisions. This money is not going to create any new technologies or jobs but represents a stop gap measure.

Where are the Leaders with guts to invest in green technologies that can save energy, development renewable energy technologies and many green jobs in America? With interest rates at low levels, now is the time to set a goal of energy independence and make funds from Green bond available for installing green energy savings systems. This could be done by loaning money for 10 year terms so the borrowers would pay for it from the savings. The funds will never finish and keep feeding money for energy improvements for ever. The existing retirement funds could easily fund this revolving green fund. The other benefits of reducing global warming and local job creations are worth starting such initiatives. This will make every community take the steps for sustainable Green improvements.