/top_stories/article/39840
/top_stories/article/39840

/top_stories/article/39840


From: Ayesha Rascoe, Reuters
Published May 4, 2009 01:45 PM

U.S. bill to create clean energy investment agency

/top_stories/article/39840

U.S. lawmakers introduced legislation last week that would establish a new independent agency to spearhead government clean energy investments.

The bipartisan bill, introduced by Senate Energy and Natural Resources Committee Chairman Jeff Bingaman and ranking member Lisa Murkowski, would establish a Clean Energy Deployment Administration within the Energy Department.

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The new agency would provide various forms of credit including loans and loan guarantees to support environmentally friendly technologies that diversify the nation's energy supply and reduce carbon dioxide emissions. A clean energy investment fund created from collected payments and fees would be used to start the agency.

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