Slow Start This Morning, But We’re Back With Green Stimulus News
Department of Energy Special Adviser Matt Rogers said yesterday that he’s trying to get stimulus money for cleantech projects out the door quickly but 91 percent of global green stimulus money is still unspent, according to New Energy Finance.
New Energy Finance Chairman Michael Liebrich said at the Clean Energy Expo in Singapore that global stimulus spending may double from $24.3 billion in 2009 to $57.8 billion next year then dip to $55.6 billion in 2011, Bloomberg reports.
The United States has been quick out of the gate, however, with $66.6 billion pledged compared with China’s $46.8 billion.
Rogers talked yesterday about some of the administrative hurdles associated with moving that much money out that quickly a rattled off a list of confusing programs with available funding.
Still, eligibility rules are so complicated that most companies need a lawyer to understand how to apply, Ellen Friedman, a partner in super-green law firm Nixon Peabody, said later.
