Stimulating Green Electric Dreams .
The DOE's Section 1705 Loan Guarantee Scheme represents a multi - billion dollar transfer from taxpayers to political cronies. But if that weren't bad enough, this green cronyism likely undermined the very thing it was supposed to support. By encouraging private investment in unduly risky projects, it diverted money away from more sustainable projects that might actually result in environmental improvements. To protect taxpayers from further waste and to increase the sustainability of investments in technologies that result in environmental protection, the government should stop guaranteeing loans for “green” energy projects immediately.