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Last month 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.
Overall, 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.
To learn more about this initiative, visit http://www.cleanenergyvictorybonds.org/