US 2010 Budget invests money and support in building a clean economy

8 May 2009

US 2010 Budget

The Budget sets a plan to tackle climate change, supporting economic investment and positions in the US as the world leader in climate change technology. In turn, the development of solar, biomass, geothermal, wind and low-carbon emission coal power will be accelerated.

The Obama Administration intends to build upon the $11bn provided in the Recovery Act for smart grid technologies, transmission system expansion and upgrades as well as other investments to modernise system expansion.

The 2010 Budget, along with the $1.6bn provided in the Recovery Act, will invest in the Office of Science. The Budget increases funding for improving understanding of climate science and expands graduate fellowship programmes to train students in energy-related fields.

Finally, the Budget also provides support for the Office of Electricity, Delivery and Energy as part of President Obama’s investment plan to modernise the nation’s electric grid. It includes energy storage, cyber-security and investments in research, the development and demonstration of smart grid technologies that will accelerate the transformation of the Nation’s energy transmission and distribution system.

Copyright © 2009 newnet

Tags: energy efficiency, renewable energy

This story was published on Friday, May 8th, 2009 at 3:25 pm and is filed under North America, biomass/biofuel, energy efficiency, energy storage, geothermal, policy, solar, wind. You can follow any responses to article entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “US 2010 Budget invests money and support in building a clean economy”

1. Trent says:

   8 May 2009 at 10:21 pm

   Smart grid tech will not adress the major problems with grid efficiency, and is an intentional distraction and diversion of funding away from tru clean tech and hydrogen fuel infrastructure. Our grid is inefficient due to not storing the energy in a usable, transportable manner, which hydrogen accomplishes. Switching stations will do absolutely nothing to solve that major inefficiency problem, however it does put billions of dollars into the hands of those opposing hydrogen and other clean tech rollouts historically.

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