The Clean Energy Victory Bonds Act of 2012 would offer a new way to continue the Production Tax Credit (PTC) and other clean energy incentives for a decade. Green America worked in coalition with more than 40 other institutions to bring the bill to the floor, sponsored by Rep. Bob Filner (D, CA), and 10 co-sponsors.
To date, the rapid growth of clean energy has benefited from federal incentive programs, including the PTC, which supports wind power and has helped generate thousands of jobs. The federal PTC provisions are slated to expire this year. Clean Energy Victory Bonds would extend the PTC and other proven federal programs by up to a decade. They would also give all Americans a way to invest in a clean energy future through U.S. Treasury Bonds that fund energy independence, jobs, and economic opportunities.
Alisa Gravitz, Green America’s executive director, said: “The importance of a clean energy future for America cannot be overstated. Just like Victory Bonds helped to ensure the nation’s victories in World War II, so, too, can Clean Energy Victory Bonds allow Americans to invest in a future that benefits our country economically, politically, and environmentally.”
During WWII, 85 million Americans purchased Victory Bonds from the federal government to help restore the U.S. economy. The program raised $185 billion, the equivalent of $2 trillion in today’s dollars. Clean Energy Victory Bonds could leverage $50 billion in investments to create more than $150 billion in public and private finance for clean energy. Learn more at CleanEnergyVictoryBonds.org.