Clean Power President Obama (realclearpolitics.org/file photo

Published on February 8th, 2016 | by Joshua S Hill

9

President Obama Wants To Double Clean Energy Funding

February 8th, 2016 by  

Speaking in his weekly media address, US President Barack Obama has explained the need for doubling clean energy funding for research and development.

President Obama (realclearpolitics.org/file photo“One of the greatest challenges of our time is climate change,” said President Obama as he opened his weekly media address, stating what could be described graciously as something of an understatement. “Over the last seven years, we’ve made historic investments in clean energy that helped private sector companies create tens of thousands of good jobs.”

And he’s right. The US has invested heavily into the country’s clean energy industry. According to figures published by Bloomberg New Energy Finance earlier this month, the US invested $56 billion into the industry during 2015, bringing the total amount invested since 2007 up to a phenomenal $442 billion.

But the reality of this investment is that it is investing in technology that has been around for a while — and as President Obama has said, “rather than subsidize the past, we should invest in the future.”

As such, the budget that President Obama will send to Congress this week includes a doubling in clean energy funding for research and development by 2020. Specifically, the funding is set to “include new investments to help the private sector create more jobs faster, lower the cost of clean energy faster, and help clean, renewable power outcompete dirty fuels in every state.”

President Obama also managed to throw the Republicans a bone, noting that, “while Republicans in Congress are still considering their position on climate change, many of them realize that clean energy is an incredible source of good-paying jobs for their constituents.” This good-will was what allowed the Democrats to boost clean energy funding in last year’s budget, and President Obama is banking on similar cooperation this time around as well.

 
 
Drive an electric car? Complete one of our short surveys for our next electric car report.
 
Keep up to date with all the hottest cleantech news by subscribing to our (free) cleantech newsletter, or keep an eye on sector-specific news by getting our (also free) solar energy newsletter, electric vehicle newsletter, or wind energy newsletter.
 

Tags: , , , , ,


About the Author

I'm a Christian, a nerd, a geek, and I believe that we're pretty quickly directing planet-Earth into hell in a handbasket! I also write for Fantasy Book Review (.co.uk), and can be found writing articles for a variety of other sites. Check me out at about.me for more.



  • thinkmorebelieveless

    And the Federal Government could also help the clean energy cause by promoting hydropower, especially Small and Micro hydro. How about including Micro hydro in the ITC ? Even more beneficial would be to direct FERC to be non-jurisdictional to all Small and Micro hydro like it is for solar PV, wind, biomass, etc. It would be great if the Fed’s would stop discriminating against Small and Micro hydro.

  • JamesWimberley

    More energy R&D is nice but at this stage it’s not really important. We have been through this before over Lomborg and the Gates-Zuckerberg research initiative announced in Paris. Existing technology is good enough for 80% of the transition. except in ev batteries, where there is enough commercial R&D going on to do the rest. However, it plays well with the American public, always a sucker for cargo cults. Also America as renewable energy superpower, but that misnamed ship has sailed.

    The big gaps: sequestration, EGS geothermal, land use, iron, shipping, aviation, cement.

    • eveee

      There is plenty of R and D about renewables integration that is helpful. On the the non R and D side, the federal government could help with grid expansion of HVDC and streamlining the process, while still providing stakeholder involvement. We need a modern grid infrastructure as good as the internet or the highway system. Inter ISO, utility, and state regulator squabbling should be kept to a dull roar. ( if tolerated at all )

      • Otis11

        While we’re at it, we could actually use a better internet system too…

        • eveee

          Lets fix the worst broken stuff first. There is some squabbling about the internet, true. But at least there is technical progress and you don’t have to wait years for connection because of NIMBY. There is cell phone tower NIMBY. I know places where people complain about bad cell service and unsightly cell towers. And they are in hi tech areas near universities. Go figure.

          • Otis11

            Fair enough…

            Our national infrastructure is just severely lacking in general…

    • Dan

      Making our military 100% clean and renewable energy and developing the smart microgrids on bases around the world is a job for our commander in chief.

      Everything he’s doing here is like parenting the disfuntional congress and the uninformed public. I respect him for trying. I wish he hadn’t jumped on natural gas, specifically compressed natural gas vehicals for the military. I guess there’s an argument for it but I’m looking for a decisive move towards evs and smartgrids which military bases are perfect for.

  • eveee

    About time. Start with funding NREL properly. And permanently

  • Martin

    Question: in the last 7 years did the US not add more than 100.000 jobs in the RE sector and what about jobs in the energy efficient field/retrofitting ?
    Do those lobs count towards RE as well?

Back to Top ↑