The White House Green Agenda

green_globe

Energy Plan Overview

Provide Short-term Relief to American Families

  • Crack Down on Excessive Energy Speculation.
  • Swap Oil from the Strategic Petroleum Reserve to Cut Prices.

Eliminate Our Current Imports from the Middle East and Venezuela within 10 Years

  • Increase Fuel Economy Standards.
  • Get 1 Million Plug-In Hybrid Cars on the Road by 2015.
  • Create a New $7,000 Tax Credit for Purchasing Advanced Vehicles.
  • Establish a National Low Carbon Fuel Standard.
  • A “Use it or Lose It” Approach to Existing Oil and Gas Leases.
  • Promote the Responsible Domestic Production of Oil and Natural Gas.

Create Millions of New Green Jobs

  • Ensure 10 percent of Our Electricity Comes from Renewable Sources by 2012, and 25 percent by 2025.
  • Deploy the Cheapest, Cleanest, Fastest Energy Source – Energy Efficiency.
  • Weatherize One Million Homes Annually.
  • Develop and Deploy Clean Coal Technology.
  • Prioritize the Construction of the Alaska Natural Gas Pipeline.

Reduce our Greenhouse Gas Emissions 80% by 2050

  • Implement an economy-wide cap-and-trade program to reduce greenhouse gas emissions 80 percent by 2050.
  • Make the U.S. a Leader on Climate Change.

Stimulus Bill Includes $100 Billion for CleanTechThe House Ways & Means Committee released the following details of President Obama’s $825 billion economic stimulus bill, which includes over $100 billion for Clean Energy & Environment. Over the next 10 years:

Energy Technology Tax Credits: $19.96 Billion
3 Year Production Tax Credit Extension (PTC) — $13.14
Extension of Tax Credits for Improvements to Energy Efficiency on Existing Homes — $4.28
Removal of Limitations on Investment Tax Credit (ITC) — $0.87
Additional Qualified Energy Conservation Bonds — $0.80
Additional Clean Renewable Energy Bonds (CREBs) — $0.58
Temporary Permission to claim the ITC instead of the PTC — $0.22
Tax Credits forInstallation of Alternative Fuel Pumps — $0.05
Increased R&D Credit — $0.02
Grant Program for ITC and PTC — NA

Energy Technology Spending: $53.75 Billion
Electrical Grid Investments — $11.00
Renewable Energy Loan Guarantees — $8.00
Local Government Energy Efficiency Block Grants — $6.90
Federal Buildings Energy Improvements — $6.70
Low-income Home Weatherization — $6.20
Housing and Urban Development (HUD) Efficiency Improvements — $2.50
Carbon Capture and Sequestration Projects — $2.40
Energy Technology Research Grants — $2.00
Advanced Battery Loans and Grants — $2.00
Scientific Research, Department of Energy — $1.90
Energy Efficiency Grants and Loans for Institutions — $1.50
Replacement of Federal Vehicles — $0.60
Industrial Efficiency Projects — $0.50
Advanced Buses, Trucks for local governments — $0.40
Department of Defense Energy Research — $0.35
Smart Appliances Rebates — $0.30
Diesel Emissions Reduction — $0.30
Electric Transportation Grants — $0.20

Water & Environment Spending: $18.27 Billion
Clean Water State Revolving Fund — $6.00
Corps of Engineers-Environmental Cleanup — $4.50
Drinking Water State Revolving Fund — $2.00
Rural Water and Waste Disposal — $1.50
Reducing Wildfires Threats — $0.85
Superfund Hazardous Waste Cleanup — $0.80
Bureau of Reclamation- Rural Water and Recycling Projects — $0.50
Nuclear Waste Cleanup — $0.50
Watershed Infrastructure — $0.40
NOAA Habitat Restoration — $0.40
Cleanup at Closed Military Bases — $0.30
International Boundary and Water Commission — $0.22
Leaking Underground Storage Tanks — $0.20
Brownfield Grants — $0.10

Indirect Spending: $42.36 Billion
School Construction (energy efficiency improvements) — $20.00
Purchases of New Buses and other Transportation Equipment — $6.00
Public Housing Capital Fund (energy efficiency improvements) — $5.00
Jobs Training and Employment Services (green Jobs) — $4.00
National Science Foundation  (environmental research) — $3.00
HOME Investment Partnerships (green technologies) — $1.50
Low-Income Home Energy Assistance — $1.00
Veterans Medical Facilities (energy efficiency improvements) — $0.95
Native American Housing Block Grants (energy efficiency improvements) — $0.50
NASA Climate Change Research — $0.40
Self-Help and Assisted Homeownership Program (energy efficiency improvements) — $0.01

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