Green America, a non-profit membership organization that promotes ethical consumerism, created the “Clean Energy Victory Bonds” concept as a way to give everyday Americans the opportunity to invest in clean energy and related fields in a fashion similar to how the federal government raised billions of dollars for the war effort during World War II over a half century ago. At that time, four out of five American households purchased the original Victory Bonds, raising $185 billion (over $2 trillion in today’s dollars) to support the war effort.
Green America first offered up the new spin on the Victory Bond idea in 2009 as something people on both sides of the political spectrum could get behind.
The group has been lobbying federal officials and legislators to consider the benefits ever since. New legislation, the Clean Energy Victory Bonds Act of 2012, introduced into the House of Representatives this past August by California Democrat Bob Filner and 10 other co-sponsors, gets Green America a step closer to turning their vision into a reality. More than 40 other non-profit and advocacy groups and green investment institutions have allied with Green America in supporting the legislation as well.