U.S. President Obama Unveils $2.3B Tax Credit to Boost Jobs in Clean Energy

U.S. President Obama unveiled a $2.3 billion tax credit on Friday to boost jobs by promoting clean energy. Obama said the credit, from funds earmarked under a $787 billion stimulus package he signed last February, would create 17,000 U.S. jobs and be matched by an additional $5 billion in private capital. The tax credits have been granted to 183 projects across the country involved in technologies that include solar, wind and other initiatives to improve energy efficiency.
[via Reuters]














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[...] In anticipation of the upcoming Senate debates on the new energy-climate bill, 29 state governors released their report to Congress today entitled "Great Expectations: U.S. Wind Energy Development, the Governors’ Wind Energy Coalition’s 2010 Recommendations." The announcement was made by Rhode Island Governor Donald L. Carcieri, chair, and Iowa Governor Chet Culver, vice-chair of the bi-partisan organization. The report presents realistic recommendations to stimulate private and public sector renewable energy projects that will reduce dependence on fossil fuels and encourage a new surge of "green collar jobs." [...]
[...] delivery strategy. He stated that the technology is not yet available to get all of our energy from wind and solar in the next 20 years, and that a transition period is needed to ramp up from current energy sources [...]
[...] to reduce funding for oil and gas in its current budget, renewable energy has been getting a funding boost. Research and development for solar energy received $302 million, up 22 percent, wind energy [...]
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