United States - Feb 16
by Staff
Unprecedented investments in clean energy are a central element of the recovery plan. The bill includes $71 billion for clean energy programs—more than three times the current spending for these same programs (download the breakdown here (.xls)). H.R. 1 also adds $20 billion in clean energy tax incentives. The bill would “spark the creation of a clean-energy economy” that President Barack Obama promised during his inaugural address. The Recovery Act intends to quickly put Americans to work undertaking the essential task of reducing our use of energy and oil, which would strengthen our economy and security. It would also boost investments in clean renewable energy generation from the wind, sun, and other clean sources. The World Resources Institute determined that there is a significant job creation differential between traditional infrastructure investments and those focusing on clean energy initiatives. Every investment of $1 billion in clean energy programs creates nearly 5,000 more jobs than traditional infrastructure spending. These are some of the most important initiatives in the recovery package.
Salazar said President Barack Obama’s administration will wait until September to decide whether to expand offshore drilling and invited public comments on the Bush administration’s plan to open up as much as 300 million acres of coastal waters for oil and gas leases. Salazar said his decision to review the contentious issue represented a “dramatic change from the last eight years, where you had a one-road highway to energy independence, which was drill, drill, drill.”
... Dr. Chu said a “revolution” in science and technology would be required if the world is to reduce its dependence on fossil fuels and curb the emissions of carbon dioxide and other heat-trapping gases linked to global warming. Solar technology, he said, will have to get five times better than it is today, and scientists will need to find new types of plants that require little energy to grow and that can be converted to clean and cheap alternatives to fossil fuels.
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