Dive Summary:
- President Barack Obama’s budget proposal for 2014 invites a 40 % increase in spending on clean energy, one of the biggest budgetary increases despite House Republican criticism.
- The federal Energy Department, which has gone from primarily managing nuclear stockpile to leading research, development, and technological investment, will get an 8 % increase to $28.4 billion.
- Since 2008, the U.S. has nearly doubled its wind, solar and geothermal power generation. The 40 % increase in clean energy spending will be funded in part by cutting tax breaks and subsidies for oil, gas, and coal industries.
From the article:
“It would set up a $200 million competition to encourage state governments to boost energy efficiency, modeled on the administration's Race to the Top education program.”