Credit Crunch and Green Mortgages
With credit in the toilet, billionaire T. Boone Pickens can’t find financing for his 4000 megawatt wind farm in Texas. No surprise, the project boasts a staggering $12 billion price tag; CleanTechnica reports.
Now, to help real estate, the U.S. government is offering green incentive packages. Loan programs, similar to mortgages, that provide people with money to improve the energy efficiency of their house; via Green Living ideas.
Financial turmoil hampers earth-friendly spending, especially for the individual, but many experts and politicians feel a “green economy” could usher in a new wave of global prosperity; Scoop World explains.
