Connect with us

Hi, what are you looking for?


Clean Power

Print Money For Renewable Energy

Germany has been very successful with its feed-in tariff. It has deployed a lot of solar. And brought down prices for everybody in the process.

Image Credit: printing money via Shutterstock.

Image Credit: printing money via Shutterstock.

Now Adnan Al-Daini proposes a different way to finance renewable energy. In this article published at Huffington Post in February he calls for printing money and investing it in renewable energy. The number he mentions is GBP 375 billion, which is what the Bank of England has spent on “quantitative easing” (buying government bonds on the secondary market with newly printed money).

GBP 375 billion government spending for renewable energy would be a considerable sum. It would be more than half of last year’s United Kingdom budget, which had expenditure of GBP 682 billion.

I am all for it. As long as there are feed-in tariffs as well, there is nothing wrong with the government investing massively in renewable energy. That is especially true for military spending.

I recall that in the United States the Pentagon is a large investor in renewable energy. They spent around $680 billion in 2011 (the whole budget, not the spending on renewable, which is only projected to reach a measly $10 billion by 2030). The main purpose of that spending is to feed the large military contractor industry. The secondary purpose of that spending is to provide security.

Since global warming is the most serious threat to the security of any country, a large part of military budgets should be spent for renewable energy, on top of current (largely useless) spending for weapons. Sell some “renewable bonds” to get the money. And then have your central bank print money and buy those bonds.

Once the military contractors understand that they can get the Pentagon budget to a trillion dollars a year this way, I expect them to support this kind of idea in their lobbying efforts.

Appreciate CleanTechnica’s originality? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.

Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

is a professor of German and European Law at Aoyama Gakuin University in Tokyo, blogging since 2003 at Lenz Blog. A free PDF file of his global warming science fiction novel "Great News" is available here.


You May Also Like

Clean Transport

As part of the recently passed Infrastructure Investment and Jobs Act, two new electric vehicle programs will receive funds to address climate change by...


The solid-state EV battery feeding frenzy heats up as Daimler and Stellantis pile onto the Factorial Energy bandwagon.


The cost of lithium-ion batteries dropped a whopping 97% in just a short period, but that's not the end of the story.


Renewable fuel from air and water are on the menu for a supersonic, next-generation version of Air Force executive aircraft. Could that include Air...

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.