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August 28, 2012
Treasury Bonds Issue Will Help Fund Clean Energy Deployment
by Robert Kropp
The Clean Energy Victory Bonds Act would both provide for the sale of US Treasury Bonds to help
finance clean energy technologies, and extend the federal Production Tax Credit for wind energy.
A bill introduced in the US House of Representatives this month will provide for the investment of
much-needed funds in the development and deployment of clean energy technologies in the United
Introduced by Rep. Bob Finer of California and 10 co-sponsors, the Clean Energy
Victory Bonds Act of 2012 (H.R. 6275) will permit the sale of US Treasury Bonds for as little
as $25 each. The Clean Energy Victory Bonds will leverage a $50 billion investment to provide $150
billion in the financing of clean energy technologies. Supporters anticipate that at least 1.7
million jobs will be created by sales of the bonds.
According to the campaign, individual
and institutional investors will benefit from a government-backed investment vehicle that will, the
campaign states, provide returns that are at least equal to those of other Treasury Bonds.
The proposed legislation also extends the federal Production Tax Credit (PTC) for wind energy,
which is set to expire at the end of this year. According to the American Wind Energy Association
(AWEA), the PTC "drives up to $20 billion a year of private investment into US wind farms, creating
demand that allows US manufacturing to compete in a global market." Allowing it to expire could
lead to the loss of 37,000 jobs by early 2013, AWEA warned.
incentives are not currently meeting demand from the private sector," H.R. 6275 states. "And we are
not taking full advantage of the potential for clean energy and transportation, as well as energy
efficiency in the United States."
Clean Energy Victory Bonds is a campaign of Green America. Included among the more than
40 supporting organizations are Calvert
Investments, Ceres, and Pax World Funds, as well as a number of other sustainable
SRI World Group, Inc. All Rights Reserved.