Friday, December 16, 2016

Priming the Pump of Renewable Energy Financing

My own opinionse on how to finance the renewable energy transition tend towards things like nationalizing the electrical utilities and then using the utility income to finance the change.

But for people hung up on market mechanisms, here is a story from Jan Ellen Spiegel at InsideClimate News about Connecticut's Green Bank and its mission to secure private financing for the transition.

"Your goal is to get people into the real market where they can operate without government support or subsidy," said Esty, who is no longer commissioner. He believes industry, not government, should pick technologies. "The key role of government was to de-risk the flow of funds into clean energy."

Link: Does Connecticut's Green Bank Hold the Secret to the Future of Clean Energy?

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