Abstract: Green incentives are included in the “American
Recovery and Reinvestment Act of 2009" (ARRA). It is, however,
unclear how these government incentives can be carried out most
effectively according to market-based principles and if they can serve
as a catalyst for an accelerated green transformation and an ultimate
solution to the current U.S. and global economic and financial crisis.
The article will compare the existing U.S. green economic policies
with those in Germany, identify problems, and suggest improvements
to allow the green stimulus incentives to achieve the best results in
the process of an accelerated green transformation. The author argues
that the current U.S. green stimulus incentives can only be most
successful if they are carried out as part of a visionary,
comprehensive, long-term, and consistent strategy of the green
economic transformation.