Yesterday, House Democrats revealed their proposed stimulus package totaling $825 billion. As hoped, money for renewable energy and efficiency make up 54 billion of those dollars.
The biggest proportion, $11 billion, would go towards creating a smart grid, which is dramatically shy of the $400 billion Al Gore thinks should be set aside. Here's a list of some of the larger energy incentives.
- $11 billion for investment in smart-grid technologies
- $8 billion in loan guarantees for renewable energy and transmission
- $6.9 billion for energy efficiency help to state and local governments
- $6.7 billion for retrofits to federal buildings
- $6.2 billion for home weatherization, targeted at low-income families
- $2.4 billion for carbon sequestration
- $2 billion for loans guarantees and grants to automobile battery-makers
There are many other energy-related items in the bill, including incentives for electric and alternative-fuel vehicles. The Appropriations Committee has both a summary (PDF) and the full text (PDF) of the bill on their website.
I'm glad that these issues are getting top billing in this package, but we'll have to wait and see what actually gets passed and if it's enough to make a real impact.
via Green Inc.
written by Jim, January 17, 2009
written by Tom, January 19, 2009
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