President Obama’s 2011 U.S. Federal Budget does have Increases for Clean Technology Investments
by AlwaysGreen - February 4th, 2010. Tagged as: Climate Policy, Electric and Hybrid Vehicles, Energy Efficiency, Green Business, Renewable Energy, Solar Power, Wind Power.Now that there has been a few days to really dissect the Obama Administration’s 2011 U.S. Federal Budget, we find that there is some good news for clean technology.
Even though at first glance the major headlines of the 2011 budget showed an increase to $54 Billion in loan guarantees for nuclear power and an extremely flimsy cap-and-trade description, it is not all worrisome and there are some areas of good news.
According to the 2011 U.S. Federal Budget, clean technology investment spending is increasing by about 92%. Given, the specific numerical amounts don’t sound as large or impressive, but this is the direction in which we all want the Obama Administration to be moving.
Everything from electric and hybrid vehicle technology to efficient building materials to wind power are all receiving increases of investment funds.
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