Renewable Energy and the US Stimulus Recovery Act

 

Green Energy and the US Stimulus Recovery Act

The US Stimulus Recovery act has substantial support for Renewable Energy development, Energy Efficiency, Transportation and other innovative projects, as described HERE and HERE. The full report is HERE.

With over $787 billion in funding, the American Recovery and Reinvestment Act is one of the single boldest and largest investments in the U.S. economy in the nation’s history.  The Recovery Act’s design was three-fold:  to rescue a rapidly deteriorating economy; put the country on a path to recovery by putting Americans back to work quickly; and reinvest in the country’s long-term economic future, building a foundation for a new, more robust, and competitive American economy.  

Within the Reinvestment spending of the Recovery Act, over $100 billion is invested in innovative and transformative programs.  This report explores four areas within those innovative programs in which game-changing breakthroughs are being sought, and in some cases, new American industries are being born:

 

The amounts are as illustrated above (in $Billion). For Renewable Energy and Transportation directly, the amounts are in the table below.

 

Renewable Energy and Transportation

Amount $MM

Renewable energy and energy efficiency

$29,705

High speed rail

$8,000

Advanced vehicles and biofuels

$6,274

Smart grid, interconnection and transmission

$4,789

General energy research

$2,000

Total

$50,768




Renewable Energy and Transportation Amount $MM
Renewable energy and energy efficiency $29,705
High speed rail $8,000
Advanced vehicles and biofuels $6,274
Smart grid, interconnection and transmission $4,789
General energy research $2,000
Total

$50,768

Glossary

Citation

Dash, J. (2010). Renewable Energy and the US Stimulus Recovery Act. Retrieved from http://climate.uu-uno.org/view/article/158322

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