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European Tribune - Gore sets goal of 100% carbon-free electricity by 2020
One big advantage of government is its ability to borrow at lower rates

It may be be conventional but why is it actually necessary for a government to borrow at all?

The US Treasury may simply create the necessary credits and invest them as redeemable units in the production of the turbines thereby financed.

Banks would no longer risk their capital by creating credit based upon it but would appraise and manage the projects and the  credit creation necesssary.

They would be remunerated as partners in Units of energy production created, alongside other development/operating partners.

Credit intermediaries are obsolete: we should monetise energy to finance the new generation of renewables envisaged by Gore, and monetise land rental values to solve the Credit Crunch.

"The future is already here -- it's just not very evenly distributed" William Gibson

by ChrisCook (cojockathotmaildotcom) on Thu Jul 17th, 2008 at 04:58:48 PM EST

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