Renewables and Public Financing

The International Energy Agency , a group focused on energy policy founded during the oil crisis of 1973-74, released a document advocating increasing renewable energy supplies and supporting the use of public funds for this purpose. The Executive Director, Claude Mandil, notes that: "We need to use public funds as effectively as possible in achieving this" This is a message that the Bush administration should listen to. Although Bush made reference to increasing funding for renewables, he actually proposed cutting the funding in his 2007 budget.