Saturday, January 24, 2009

Energy and Environment Investments in Obama's Recovery and Reinvestment Plan

Here are the items in Obama's American Recovery and Reinvestment Plan that directly affect energy and environment: renewable energy; smart electricity grid; weatherizing homes; clean energy private sector finance; highway and bridge infrastructure replacement projects and mass transit projects; water supply, water treatment, wastewater treatment and sewage system projects. Energy and environment projects in recovery plan  I wonder how Obama plans to deal with NEPA and permitting issues.

From the report on specifics:

  • Doubling renewable energy generating capacity over three years. It took 30 years for our nation to reach its current level of renewable generating capacity – the recovery and reinvestment plan will double that level over the next three years. That increase in capacity is enough to power 6 million American homes.
  • Jump-starting the transformation to a bigger, better, smarter grid. The upfront investments and reforms in modernizing our nation’s electricity grid will result in more than 3,000 miles of new or modernized transmission lines and 40 million “Smart Meters” in American homes.
  • Weatherizing at least two million homes to save low-income families on average $350 per year and modernizing more than 75% of federal building space, saving taxpayers $2 billion per year in lower federal energy bills. Today, the federal government is the world’s largest consumer of energy. The recovery and reinvestment plan will make an historic investment in upgrading the federal building stock that will save taxpayer dollars and help catalyze a green building industry.
  • Launching a Clean Energy Finance Initiative to leverage $100 billion in private sector clean energy investments over three years. The finance authority will provide loan guarantees and other financial support to help ease credit constraints for renewable energy investors and catalyze new private sector investment over the next three years.
  • Enacting the largest investment increase in our nation’s roads, bridges and mass transits systems since the creation of the national highway system in the 1950s. The plan will repair and modernize thousands of miles of roadways in the U.S. and providing new mass transit options for millions of Americans.
  • Modernizing our nation’s water systems with funding to support 1,300 new wastewater projects, 380 new drinking water projects and construction of 1000 rural water and sewer systems, ensuring that 1.5 million people have new or improved service.

http://lawprofessors.typepad.com/environmental_law/2009/01/energy-and-envi.html

Economics, Energy, Governance/Management, Legislation, Sustainability, US, Water Quality | Permalink

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