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August 14, 2012 / Todd Larsen

Clean Energy Victory Bonds introduced as legislation!

The campaign for Clean Energy Victory Bonds has made an exciting leap forward!

Representative Bob Filner (D-CA) and 10 cosponsors introduced HR 6275, the Clean Energy Victory Bonds Act of 2012, to the House of Representatives.  The bill is supported by Green America and already has over 40 institutional endorsers  and thousands of individual supporters as well.

Clean Energy Victory Bonds (CEVBs) are proposed U.S. Treasury bonds modeled after Victory Bonds sold during the First and Second World Wars.  During World War II, 85 million Americans purchased Victory Bonds that generated $185 billion (over $2 trillion in today’s dollars) for the war effort.  Today, in the search for new clean energy sources, America faces the same sense of urgency to find a national solution.  Through the same patriotism demonstrated during WWII, CEVBs would allow Americans to invest billions of dollars in clean energy.  All Americans could participate in this investment towards the future of clean energy, energy independence, and job creation as the bonds could be available for as little as $25.

CEVBs would extend the US Government’s support for clean energy programs that have created hundreds of thousands, or even millions of jobs, and dramatically increased clean energy installations nationwide.   Unfortunately, these government programs are expiring or already expired. For example, the Production Tax Credit (PTC), which has been a major driver of wind power in the US, is about to expire this year.

CEVBs would allow for the continuation of the PTC as well as many other clean energy incentives for another decade.  CEVBs would finance the research and manufacturing of solar, wind, geothermal, second generation biofuels, electric vehicles and energy efficiency.  In short, the benefits of Clean Energy Victory Bonds include:

-Uniting individuals, communities, and companies to help finance the rapid deployment of renewable energy projects and energy efficiency upgrades.

-Enabling anyone with savings to help put new renewable projects on the ground, with an investment of as little as $25.

-Creating a safe investment for Americans that pays a competitive rate of return.

-Helping to create an estimated 1.7 million new jobs in manufacturing, deploying, and maintaining renewable energy development projects.

We’re now calling on all Americans to tell their Representatives in Washington to support CEVBs.  Please contact your elected representative to let them know you want them to support H.R. 6275.  A sample phone script and constituent email can be found on the CEVB website.

We need your help to mobilize nationwide support for Clean Energy Victory Bonds and a clean energy economy!

Thanks to Katie Fletcher for research and writing of this post

4 Comments

Leave a Comment
  1. joulefool / Aug 14 2012 11:59 pm

    Reblogged this on JouleFool and commented:
    I cashed in all of my Government Savings Bonds last year because “I” was not going to finance this nation’s astronomical national debt.
    However, I stand behind investing in America and Renewable Energy through this legislation and victory bonds! Let’s put people to work, reduce our dependecy on foreign oil, and keep the money here at home.
    Happy Savings,
    JouleFool

  2. Alan Greenhome / Aug 16 2012 12:03 pm

    Great Plan, as you have pointed out, directing capitol at this needed new direction for our nation is the only way to make a real difference. For 30 years my company has been building Solar Homes and now, thanks in part to the American Recovery and Reinvestment Act, technologies are ready to Scale up. (GreenEnergyScaleUp.com). As you say, this is the only way to save our planet, bring jobs home that can not be outsourced, end our dependence on all oil especially Middle East Oil and end the need for our oversized military when we no longer need to protect our vulnerable supply lines. Advanced biofuels made from the 1.6 billion tons of organic waste our country now struggles to dispose of is a lucrative first step. Wind and Solar power, electric cars are already at commercial scale, now is time to step on the gas.

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