Are Green Banks Obama’s Next Move?

February 14th EnergyBiz article by Ken Silverstein outlines some of the common arguments for and against Green Banks given Obama’s recent interest in using those institutions to facilitate clean energy expansion. CGC’s Vice President, Ken Berlin, responds to skeptics by addressing the benefits of leveraging federal funds to make renewable energy more affordable to the consumer.

Silverstein sums up the discrepancy in stating that “Berlin and the president are emphasizing that other countries are investing in their clean tech sectors and if the United States fails to respond in-kind, it will get left behind. That view, though, is getting met head on by one that says that the risks are too great and that the safer bet is to let free markets reign.”

What side of the argument do you fall on?

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