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Are Green Banks a Good Idea?
July 21, 2009
Are Green Banks a Good Idea?
This isn't exactly green purchasing. It's more like 'green lending.'
"Green banks ? designed to aid environmentally conscious businesses and consumers through better loan rates and other incentives ? are sprouting up around the country despite the recession," wrote Kate Galbreith of Green Inc..
According to Galbreith, green banks are yet to make profits and "Congress is considering whether to establish a federal green bank, which would offer loans and grants to large-scale renewable energy projects with less bureaucracy than the current Department of Energy process provides."
For further information visit the Green Inc. article.
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