Obama Looks to Increase Clean Energy Budget

U.S. President Barack Obama is proposing a sizable increase in the countries clean energy budget, improving support for energy efficiency, clean transport, renewable power and other "green" technologies.

The money for the increase will come from eliminating tax breaks and subsidies to fossil fuel producers, the oil, gas and coal industries. The President has previously tried to eliminate these tax breaks, worth $4 billion, but hasn’t been able to push the measure through after opposition from Republicans.

The intention is that the U.S. budget plan for next year, which starts this October, will provide a 40 percent hike in clean energy spending, which would be the biggest increase in a budget that looks to cut spending in other programs.

The Republican’s will again oppose the proposal, meaning that a lot of horse trading will no doubt take place before any budget is approved, but energy efficiency and clean energy remain central to Obama’s policies during his second term.

Apart from the increases for energy efficiency, renewables and EVs, the U.S. Government is also suggesting setting up competition worth $200 million to improve energy efficiency in state governments.

Photo: President Barack Obama and Chief of Staff Denis McDonough walk along the South Lawn Driveway at the White House, April 9, 2013. (Official White House Photo by Pete Souza)

Friday 12th April 2013

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