From Climate Progress
Stimulus deal reached. Here’s what’s green in it.
Posted: 12 Feb 2009 06:57 AM CST
A final deal was reached on a $789 billion stimulus plan (see NYT here). One of the best pieces of news is that the $50 billion in fraudulent budget gimmickry on behalf of the nuclear industry was axed, as I posted last night.
There’s also a 3-year extension of the production tax credit for wind and other renewables, which will be crucial to Obama meeting his goal to “double the production of alternative energy in the next three years.” And there’s an expanded tax credit for plug in hybrids, which will be critical for Obama to meet his goal of one million plug-ins by 2015.
The conferees did put back $400 million for DOE’s ARPA-E program, which in normal circumstances would be mostly duplicative of existing DOE R&D programs (see “Note to media on ARPA-E“). But it is new money, and will give Stephen Chu something to chew on quickly.
Speaker Nancy Pelosi (D-CA) has distributed a fact sheet on the conference report on the American Recovery and Reinvestment Act. Here are the details on what’s green in ARRA (and I’ll also post the science and tech stuff):
(more…)
Posted: 12 Feb 2009 06:57 AM CST
A final deal was reached on a $789 billion stimulus plan (see NYT here). One of the best pieces of news is that the $50 billion in fraudulent budget gimmickry on behalf of the nuclear industry was axed, as I posted last night.
There’s also a 3-year extension of the production tax credit for wind and other renewables, which will be crucial to Obama meeting his goal to “double the production of alternative energy in the next three years.” And there’s an expanded tax credit for plug in hybrids, which will be critical for Obama to meet his goal of one million plug-ins by 2015.
The conferees did put back $400 million for DOE’s ARPA-E program, which in normal circumstances would be mostly duplicative of existing DOE R&D programs (see “Note to media on ARPA-E“). But it is new money, and will give Stephen Chu something to chew on quickly.
Speaker Nancy Pelosi (D-CA) has distributed a fact sheet on the conference report on the American Recovery and Reinvestment Act. Here are the details on what’s green in ARRA (and I’ll also post the science and tech stuff):
(more…)
