How much energy in stimulus package?
"It’s an investment that will double the amount of renewable energy produced over the next three years," President Obama said Tuesday at the signing of the American Recovery and Reinvestment Bill, otherwise known as the 'stimulus package.'
It includes:
- $5 billion for low-income weather-insulation programs, as well as $6 billion in energy efficiency grants for state and local governments.
- $11 billion to upgrade the electricity grid
- $3.4 billion to develop 'clean coal' technology' for carbon capture and sequestration.
- $2 billion for electric car battery research and development.
- $500 million for retraining workers for new, green jobs.
- 3-year extension of the production tax credit for wind energy
The House Appropriations Committee has posted a
summary of the Bill (pdf).
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