Wednesday, November 5, 2008

Bloomberg: Obama May Put Renewable-Energy Plan Ahead of Climate Package

Bloomberg has a story this morning speculating that President-elect Obama may propose a renewable energy package as his first order of business as President, in an effort to stimulate the economy.

"With unemployment at a five-year high, an early effort to create jobs by encouraging electricity production from solar and wind will get top priority, energy lobbyists and analysts said. A more far-reaching effort on a climate-change bill may be delayed until late next year or 2010."

Read the full article here.

Of course, an investment in renewable energy tax credits or investment credits would likely provide a major boost to renewable energy companies and clean tech companies, which have already been one of the few brights spots in this year's economy.

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