Can innovative funding rescue US renewables?

Hope on the horizon

solar panel

This has not been a happy year for supporters of renewable energy. After climbing to record heights last year, worldwide investment in green energy projects plunged to $27 billion in the first three months of 2012, the lowest level since the global financial crisis, according to Bloomberg New Energy Finance. The reasons are all too familiar: Western governments, nervous about their debt levels, have become less enthusiastic about green energy subsidies, while battered banks have grown hesitant a