Obama seeks to double US funds for clean energy research

Barack Obama speaks with Commander Col Ronald Jolly as he visits a solar array at Hill Air Force Base in Utah on April 3, 2014
Barack Obama speaks with Commander Col Ronald Jolly as he visits a solar array at Hill Air Force Base in Utah on April 3, 2014

President Barack Obama on Saturday proposed doubling US funding over the next five years for clean energy research and development, as part of his ongoing effort to tackle climate change.

In his weekly media address, Obama announced that he will send a budget to Congress on Tuesday which hits twice the current spending levels for research and development by 2020, declaring that "rather than subsidize the past, we should invest in the future."

The president next week sends to Congress the final spending blueprint of his presidency—a guidepost to his policy priorities— including proposals in the coming fiscal year to raise taxes and boost spending.

"One of the greatest challenges of our time is ," the US leader said.

"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 today, clean power from the wind or the sun is actually cheaper in many communities than dirtier, conventional power."

"Rather than subsidize the past, we should invest in the future," says Barack Obama
"Rather than subsidize the past, we should invest in the future," says Barack Obama

The increased spending, Obama said, "will 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."

Obama's call for greater investment in clean energy echoes one he made in last month's annual State of the Union address, and dovetails with the ambitious global climate change accord concluded last year in Paris.


Explore further

Obama seeks $2 billion in private dollars for clean energy

© 2016 AFP

Citation: Obama seeks to double US funds for clean energy research (2016, February 6) retrieved 18 October 2019 from https://phys.org/news/2016-02-obama-funds-energy.html
This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.
53 shares

Feedback to editors

User comments

Feb 07, 2016
We are on our way to the twenty-oneth century, . . yup. When we provide our own fuels, we can get rid of those eleven Naval Carrier Groups we have to guard the oil lanes.

We can extricate ourselves from the self-righteous madness of the Middle East. And no more Republican Wars for oil.

Feb 07, 2016
We are on our way to the twenty-oneth century
"fossil fuels dominate the energy production and supply picture of the United States through 2040" obviously to serve as backup to compensate intermittency of wind and solar.
"Coal consumption increases from 17.3 quadrillion Btu (891 million short tons) in 2012 to 18.7 quadrillion Btu (979 million short tons) in 2040."
"new natural gas-fired plants are much cheaper to build than coal, nuclear, or renewable plants."
http://institutef...gh-2040/

Feb 07, 2016
We are now exporting petroleum products for money, a big change. It means we can supply ourselves, if needed.

And although we are stuck with dirty fuels for a while, we will be able to restrict their use incrementally until they are as rare as cave fires for heat. We have already doomed them to backup, second-rate status.

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more