Renewable Energy: The Road Less Traveled for a Reason
Nicolas Loris /
President Obama has been touting green energy investment and green jobs since his campaign trail, but he really kicked it into another gear once the economy tanked, calling the green stimulus a cure to the recession and to climate change. During his push for stimulus bill support, President Obama said the following at a windmill plant in Ohio:
If we don’t act now, because of the economic downturn, half of the wind projects difficult because of the capital intensive nature of these projects for them to move forward if they can’t get loans, if they can’t get access to credit.
And think about that. Think about all the businesses that wouldn’t come to be, all the jobs that wouldn’t be created, all the clean energy that we wouldn’t produce. And think of what’s happening in countries like Spain, Germany and Japan, where they’re making real investments in renewable energy. They’re surging ahead of us, poised to take the lead in this new industry.