From "Peril To Progress," Courtesy Of Clean Tech

In the previous edition of the TLQ, we discussed the $18 billion of clean tech tax incentives that were inserted into the Emergency Economic Stabilization Act of 2008 — an act that largely focused on bailing out the beleaguered US financial system. President Obama has since enacted the American Recovery and Reinvestment Act of 2009 in an effort to move the US from "peril to progress." This $787-billion stimulus bill allocates $92 billion to clean tech initiatives and endeavours to serve as a broad stimulus to the entire American economy. Because of its enlarged focus and increased monetary value, the 2009 Recovery Act will likely provide a much greater stimulus to the clean tech sector than did the 2008 bailout.