2011 US Energy Legislative Preview
U.S. energy legislation faces formidable opposition in 2011, but we still expect a debate. Clean energy is a high priority of the Obama Administration and offshore drilling has been in state of limbo since the Gulf oil spill. There is certainly an opportunity for legislation, but the weak economy and new Republican Congress complicate prospects considerably.
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Government’s Role in Cleantech
The Obama Administration and Congress should be praised for their desire to expand clean technology, but many of their efforts have been largely wasted on ineffective government programs. Right now, they have a unique opportunity to apply valuable lessons of the 2009 stimulus bill to a jobs bill. The stimulus bill allocated approximately $100 billion to 40 different cleantech programs, and one year later, it is very clear which funds had the most impact on the sector. Given the benefit of hindsight, it is disturbing that Congress is attempting to throw more money at the least successful programs.
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Government’s Role in Cleantech
Cleantech To Benefit from Jobs Bill, Not Climate Bill
As the dust settles from Massachusetts Senate election, one thing is clear for cleantech: proposals attached to the jobs bill have much better chance of becoming law than those in the climate bill.
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