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Page added on April 29, 2009

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Obama

President Barack Obama’s energy plans and actions during the first 100 days of his administration reveal a strong emphasis on spending to promote renewable energy technologies that will generate jobs and an effort to shift the nation to a low-carbon economy.

Obama has proposed $150 billion in federal spending for such projects in the coming decade. The recently approved economic stimulus package allocated $43 billion to boost clean and energy efficiency programs, as well as $22 billion in energy tax relief.

The $150 billion proposal was included in his federal budget plan unveiled earlier this year, which would make clean energy investments over 10 years starting in fiscal 2012.

… The $43 billion for clean and energy efficiency were part of the $787 billion economic stimulus package. The funds will be used for improving the electrical grid, energy efficiency in buildings, renewable energy research, batteries for vehicles, weatherization, rebates for home appliances, and electric vehicle technologies, among others.

International Business Times



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