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Using carbon credits to pay for energy retrofits

Posted on 26 September 2012

One of the signal achievements of the Obama administration is a success hidden in plain view. Scorned by Republicans and rarely mentioned by Democrats, the American Recovery and Reinvestment Act (ARRA), or simply “the stimulus,” was many things at once – tax cut, lifeline for cash-strapped states and local governments, and, as noted by Michael Grunwald in his important new book The New New Deal, “the biggest and most transformative energy bill in U.S. history.”
The stimulus directed $3.2 billion to the Energy Efficiency and Conservation Block Grants program. As I wrote at this blog in January and again in June, these grants have enabled dozens of California cities to slash their energy bills by investing in LED streetlights and other energy-saving upgrades………………………………………..Full Article: Source

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VRS - who has written 36130 posts on Opalesque Commodities Briefing.


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