President Barack Obama is preparing to unleash a series of “executive actions” aimed at boosting the green energy industry as part of the president’s global warming agenda.
Obama is launching a “Clean Energy Impact Investment Center” at the Energy Department to “make information about energy and climate programs … accessible and more understandable to the public, including to mission-driven investors.”
The White House is also ordering the IRS to come out with guidance and rules to get nonprofits to invest in green energy technologies, along with creating more government financing options for small businesses looking to go green.
“Today’s announcements will help ensure that even more American-made clean energy technologies can make the leap from an idea, to the laboratory, to the global marketplace,” the White House said in a statement. “We look forward to continuing to unleash the power and potential of innovations that serve both our economy and our environment, and to the as-yet-unimagined breakthroughs still to come.”
The White House also took time to announce it had doubled the amount of green energy investment promises from the private sector, including $3.5 billion in commitments from environmental nonprofits and institutional investors.