Leftists Beg Feds To Cut Interest Rates To Revive Green New Deal Projects
by Sean Moran 6 hours ago in Green Energy, News Reading Time: 3 mins read
Leftists are desperate to have the Federal Reserve cut interest rates, believing that higher rates are hampering the “country’s ability to combat the climate crisis.” [emphasis, links added]
As the media increasingly speculates about the prospect of the Federal Reserve cutting rates in September, clean energy companies and their backers on Wall Street are hoping that the presumed rate cuts would alleviate the heavy borrowing costs for “Big Renewables” over the last two years.
Charlie Gailliot, a global cohead of climate at the private equity firm KKR, said, “The energy transition is very capital-intense. In a lower-rate environment, you’ll see a tailwind for the renewable-energy industry.”
Semafor’s Tim McDonell wrote:
https://climatechangedispatch.com/leftists-beg-feds-to-cut-interest-rates-to-revive-green-new-deal-projects/
