Investor says that Green Energy needs Govt Funding

I wanted to pass along this NPR story, Investor: Renewable Energy Needs Federal Funding. You can listen to this story online. Here’s a quote from the story: 

One of the big ticket items in President Obama’s economic stimulus plan is a Clean Energy Financing Initiative. It reportedly would provide loan guarantees and other measures to encourage the private sector to invest billions of dollars in green energy — even as such investments have shriveled.

 

Funding for hundreds of projects has dried up because of the global financial slowdown, says Ray Lane, a managing partner with the venture capital firm Kleiner Perkins Caulfield and Byers in Menlo Park, Calif.

He says plans to harness wind and solar energy and to boost transportation efficiency will be abandoned if they don’t receive capital.

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