Should Congress create a new independent agency to pass out cash for clean energy investments?
The Energy Department has dragged its heels in handing out billions of dollars in congressionally mandated loans and loan guarantees for renewable and clean technology projects. Now the House and Senate are considering legislation setting up a new Clean Energy Deployment Administration within the Energy Department to speed money to environmentally friendly energy technologies.
Is it a good idea, or will the new agency just mean more red tape? What are the potential pros and cons? Should nuclear power, clean coal technology and other traditional energy sources be included in the program?