Stimulus Bill Promotes Green Energy
President Barack Obama signed the $787 billion American Recovery and Reinvestment Act (or the Stimulus Bill) last Feb. 17, 2009. Prior to the signing, there were many speculations with regard to the provisions included. However, energy and environment advocates have found several worthy green provisions. Actually, the bill is loaded with a number of laudable renewable energy benefits.
Under the Stimulus Bill, the Department of Energy will have $39 billion for use in developing clean energy. A significant portion of the amount is meant for creating jobs in demonstration, research, and deployment. An additional $8.5 billion targets renewable energy projects as well as expanded electric transmission.
Research, development, deployment, and demonstration activities in energy efficiency and renewable energy are allotted an estimated $2.6 billion. This funding also focuses on picking up the pace in terms of developing technologies aimed at energy supply diversification.
Another noteworthy provision is the $4.6 billion allotted for fossil energy research and development. This clean energy initiative is divided into several spectrums like zero emissions from power plants, carbon capture and storage projects, and clean coal projects.
With the Stimulus Bill already approved, energy efficiency and conservation takes a big boost with its $4.2 billion funding. Federal building repair for better energy conservation and efficiency is likewise prioritized with $2.5 billion. Working on buildings will greatly help advance energy efficiency because these structures are some of the biggest violators of clean living and environmental sanitation.
There are other notable green provisions in the bill including those that deal with coming up with more efficient government vehicles and the development of better car batteries.
President Obama’s main concerns for the stimulus package are the improvement of the country’s economy and the saving and creation of more jobs. With the inclusion of clean energy and green jobs in the bill does more than just boost the economy, it also drives the country towards a more sustainable, energy-independent future.
Official Department of Energy breakdown of the stimulus package.
Obama’s stimulus bill green lights green spending.
U.S. stimulus bill likely to revive green power.
