Question by Dana1981: What do you think about the proposed creation of a new ‘green bank’?
Reed Hundt, the former FCC chair under President Clinton and Congressman Ed Markey are trying to make the creation of a ‘Green Bank’ part of the next jobs bill. A green bank would would “open credit markets and motivate businesses to invest again,” and “enable clean-energy technologies — in such areas as wind, solar, geothermal, advanced biomass, and energy efficiency — to be deployed on a large scale and become commercially viable at current electricity costs.”

http://www.americanprogress.org/issues/2009/05/pdf/green_bank_memo.pdf

Such a bank would also help loosen the available credit for small businesses, and establish the reliable source of funding entrepreneurs need to know will be there if they devote themselves to green technologies and start ups.

What do you think about this proposal?
jim – I know it’s a difficult concept, but I suggest you do a little research into what a bank is.

Best answer:

Answer by littlerobbergirl
The more the merrier. Its brilliant investment.

The private eco- banks, insurance providers and building societies I know of are all doing well, eg;

http://www.ecology.co.uk/

http://www.co-operativebank.co.uk/servlet/Satellite/1193206375355,CFSweb/Page/Bank

http://www.triodos.co.uk/uk/235298/235332/423845/423855/

What do you think? Answer below!

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