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US Moves Closer to 15% Renewable Energy Standard
House Democrats negotiating a climate and energy bill have reportedly reached a compromise on a renewable energy standard (RES) as part of the American Clean Energy & Security Act that would allow those states unable to meet the requirement to make up for it with gains in energy efficiency. - Read More
Tags : USA renewable energy renewable energy usa
Topics : Renewable Energy
60 billion stimulus money for energy - where will it go?
? $6 billion for safe water ? $4.5 billion for green buildings ? $2.5 billion for energy efficiency, renewable R&D ? $5 billion for weatherization ? Renewable production tax credit ? Home efficiency ? $6 billion in for renewables, transmission and leading edge biofuels ? $2 billion for batteries ? $9.3 billion for rail ? $27.5 billion for highways & fuel-efficient public transportation ? $8.4 billion for transit ? $1.5 billion in transportation investments - Read More
Tags : USA government
Topics : Finance
Key aspects of Obama's energy policy
The key elements of this strategy will include massive investment in renewable energy, including wind and solar; a rapid retooling of the U.S. automobile industry to manufacture highly fuel-efficient vehicles with a bias toward plug-ins; the creation of a digital electrical grid; investments in high-speed rail; and an aggressive carbon cap-and-trade program. - Read More
Tags : barack obama USA energy usa government policies energy efficiency energy efficient cars smart grid alternative energy usa trains carbon trading
Increasing fuel efficiency in cars Obama's priority
"most important steps that we can take ..We will start by implementing new standards for model year 2011, so that we use less oil... reduce our dependence on foreign oil...Congress, has passed legislation to increase standards to at least 35 miles per gallon by 2020. That 40 % increase in fuel efficiency could save over 2 million barrels of oil every day" ..nearly the amount of oil that US imports from the Persian Gulf. - Read More
Tags : barack obama energy independence energy usa USA fuel efficiency cars cars usa government policies
Topics : Energy Efficiency
Obama Plan to Create 5 million green jobs
Obamsa's $150 billion plan for alt energy is likely to create 5 million green jobs in the US
Tags : barack obama green jobs green jobs usa
Topics : Renewable Energy
Part of $25 billion DOE budget for batteries and hybrid cars
Part of the Energy Department's $25 billion budget should go toward accelerating the development of consumer-friendly batteries for electric hybrid cars, US Energy secretary Steven Chu said. (Jan 2009) - Read More
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Topics : Finance Automobiles
Bailout Bill Passing Could Mean Big Incentives for Renewable Energy
Solar power, far less economically viable than wind turbines, had the most to gain from the bailout bill in the US congress. The expiring incentives allowed homeowners to claim an investment tax credit for 30% of the cost of a new solar installation, but capped it at $2,000. The new law extends the 30% credit for 8 years and eliminates the cap. That means that on a $27,000 residential solar system of 3.2 kw, a homeowner could take nearly $9,000 off his taxes the first year. - Read More
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Topics : Finance