35894
Obama to Double Funds for Clean Energy Research
Energy

Obama to Double Funds for Clean Energy Research

US 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 clean energy research and development by 2020, declaring that “rather than subsidize the past, we should invest in the future,” AFP reported.
The president next week sends to Congress the final spending blueprint of his presidency, including proposals in the coming fiscal year to raise taxes and boost spending.
“One of the greatest challenges of our time is climate change,” Obama said. “And today, clean power from the wind or the sun is actually cheaper in many communities than dirtier, conventional power.”
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.

Short URL : http://goo.gl/xeuTwa
  1. http://goo.gl/F79P9K
  • http://goo.gl/9GMK27
  • http://goo.gl/l503Rz
  • http://goo.gl/FH2HGa
  • http://goo.gl/sYUW9d

You can also read ...

Turkey Cuts Iran Oil Imports
Turkey’s biggest oil importer Tupras has cut back purchases of...
US Oil Industry Lobbies Against Russia Sanctions
The US oil and gas industry is lobbying against tighter...
Lack of Wind Jeopardizes UK Turbine Investments
It has been a stifling summer of disappointment for investors...
Kuwaiti Crude Heading for Japan
Kuwait's newly launched Super Light crude oil is increasingly...
Tabriz Refinery Signs Tail Gas Agreement
Tabriz Oil Refining Company signed a $12 million agreement on...
MAPNA Ready to Increase Installed Power Capacity
Iran's top engineering and energy enterprise MAPNA Group is...
EOR Operations Underway at North Yaran Oilfield
Operations are underway to increase oil production at North...
ICOFC Intends to Boost Gas Condensate Output
The state-owned Iranian Central Oil Fields Company plans to...

Trending

Googleplus