Last year, China invested twice as much in clean energy as the U.S., ultimately leading to Chinas control of 35 percent of the global market in solar panels. Overall, the U.S., according to Green America, is the 10th in the world in investments in clean energy as a percentage of the national economy. After the initial disaster of the Gulf oil spill, many Americans voiced their concern about clean energy and addressed the increasing gap America has in finding an answer to that of other countries. In an effort to solve Americas need for clean energy, Green America is proposing Clean Energy Victory Bonds to the American public.
Modeled after the successful World War II Victory Bonds, Clean Energy Victory Bonds (CEVB) are an opportunity for the American population to lend their help in the green energy effort. In the past, 85 million Americans bought Victory Bonds to help restore the U.S. economy. The federal program raised the equivalent of $2 trillion in todays currency. This monumental event of the American public lending their support to the U.S. Government is what sparked Green Americas idea to duplicate the process. However, instead of helping the economy directly through war efforts, the Victory Bonds for green energy are now aimed at helping the planets wellbeing. With a mass investment to green energy, oil and dangerous gasses can be targeted resources to be replaced with new found efforts through green research.