After this week’s Presidential Address to Congress, we thought it was worth mentioning some of the provisions the Senate passed in the recovery bill with regards to energy. If you’re interested in reading the bill for youself, you can visit the American Recovery and Reinvestment Act of 2009 for further details.
Renewable Energy
$39 billion to the Department of Energy for development of clean energy, including funds for job creation in research, demonstration and deployment.
$8.5 billion in new loan guarantees aimed at renewable energy projects and for expanded electric transmission.
Dubiously Clean Energy
$4.6 billion for “Fossil Energy Research and Development”, which includes 2.0 billion for “one or more zero-emissions power plants”, 1 billion for ‘clean coal’ projects and 1.52 for carbon capture and storage projects.
Electricity Transmission
$6.5 billion of increased borrowing authority to the Bonneville and Western Area Power Administrations for expanding and upgrading electric transmission lines.
$4.5 billion for smart-grid related activities, including work to modernize the electric grid, enhance security and reliability, perform energy storage research, development, demonstration and deployment, and provide worker training.
Energy Efficiency
$4.2 billion in block grants for energy efficiency and conservation.
$2.6 billion for energy efficiency and renewable energy research, development, demonstration and deployment activities to accelerate the development of technologies towards diversification of the energy supply.
$2.5 billion towards repair of federal buildings to increase energy efficiency.
Reaction to the bill from environmental groups was generally positive. Melinda Pierce of the Sierra Club said in a prepared statement,
This bill is a win-win for a stronger economy and a healthy environment. With an investment of close to $100 Billion, it will create good jobs for people here in America and reduce our dependence on dirtier energy sources like oil and coal by promoting the shift to wind and solar power, high energy efficiency, low carbon cars and buildings, mass transit, and a modernized water and transportation infrastructure.
It will be an interesting 4 years for President Obama and the rest of us to see how many of these changes are followed through with.. Here’s hoping!
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