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Khosla, the co-founder of Sun, set out several years ago to fund energy start-ups.
Deutsche Bank, Goldman Sachs, and Barclays approached the state with the idea of a warehouse line of credit that could be used to fund energy efficiency loans.
Just as society as a whole has to make a transition to renewable energy sources, so will the banks that fund energy production.
According to the International Monetary Fund, energy subsidies accounted for 8% of total global government spending in 2011 ($1.9tn, or £1.2tn), due mainly to the political appeal of keeping energy prices down.
The plan is a move away from the system of subsidies and grants to a loans-based approach aimed at providing guarantees to private investors who are expected to rush in to fund energy, IT, broadband, transport and research projects.
The chancellor announced measures to cut bills by an average of £50 from January 2014 by reducing the cost of the levy to fund energy efficiency measures, and giving every household a £12 rebate in 2014 and 2015.
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There will also be a new payment for homebuyers to fund energy-saving measures when they move into a property.
I would fund energy-saving improvements — insulation of houses, solar panels and replacement of inefficient furnaces for households making less than $30,000 a year and develop a sliding scale for those earning more than $30,000 a year.
Green levies - which include subsidies for renewables and social programmes to fund energy-saving measures for low-income homes and pensioners - make up £112 of the average £1267 dual fuel annual bill, according to Department for Energy and Climate Change figures.
The council approved a total of £455,000 to fund energy-efficient technology for the scheme.
In 2006, we passed a highly publicized carbon tax, requiring every household to pay $21 per year to fund energy-conservation programs.
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