Thursday, January 29, 2009

Economic recovery bill includes $100 billion for clean-energy initiatives

The $819 billion economic package that recently passed the U.S. House of Representatives includes about $100 billion worth of initiatives that will promote clean energy while creating jobs.

The Daily Green said the bill includes the following parts:
  • $3.4 billion for states for clean-energy projects.
  • A grants program for renewable energy technologies covered by the renewable energy-tax incentives.
  • $6.2 billion for weatherization of low-income homes.
  • $3.5 billion for the Energy Efficiency and Conservation Block Grant Program (supports clean energy projects primarily at the city and county levels).
  • $2 billion for clean-energy research & development.
  • $6 billion for increasing energy efficiency in federal buildings.
  • $12 billion for transit.
  • $2 billion for ready-to-go drinking water infrastructure projects.
  • $6 billion for ready-to-go sanitation infrastructure projects.
While The Senate may add several billion dollars in incentives for non-clean energies, such as coal and nuclear energy, the bill will still likely do more good than harm in making the United States' energy more clean and more green.