Obama Plans to Double U.S.’s Renewable Energy Production
As part of an economic recovery, the incoming administration is adamant that the green sector will need to play a major role.
In his weekly address to the nation President-elect Barack Obama boldly announced that he wants to double renewable energy production as part of an overall plan to rebuild the nation’s economy by creating three million new jobs.
According to the Energy Information Administration, the United States created 7 percent of its power from renewable energy sources in 2007.
“To put people back to work today and reduce our dependence on foreign oil tomorrow, we will double renewable energy production and renovate public buildings to make them more energy efficient,” Obama said.
His new goal is slightly higher than his original plan which called for the creation of 2.5 million new jobs.
The alternative energy industry is taking well to the plan, and is pleased with the renewable energy advocates –such as the incoming energy secretary, Steven Chu — that were appointed to the cabinet and as advisers of the incoming administration.
“As the details of the new stimulus package emerge, we expect to see the government push alternative energy opportunities as fast as possible,” Sunrise Solar Corporation CEO Eddie Austin said. “The goal set by the stimulus program will require us to make as much progress in the next two years as companies have made in the last 15 years.”
The road to recovery from the current economic recession has seen many proposals for creating new jobs.
Many in the ‘green tech’ industry are advocating for a concerted government investment in the sector as a a means toward economic recovery.
The so-called Architecture 2030 plan is recommending to Congress that they invest $85.56 billion each year for two years combining a housing mortgage buy-down and an accelerated-depreciation program for commercial buildings with energy efficiency. This plan, the independent organization contends, could create at least 8.445 million new jobs and a new $1.6 trillion renovation market in just 2 years.
In five years, the plan would save consumers $142.33 to 200.88 billion and conserve 83.35 million barrels of oil, according to information on the non-partisan organization’s website.
Obama has yet to lay out the details of how exactly he intends to achieve these goals, but he is resolute in his belief that the nation will rise to the challenge.
“There is no reason we can’t do this. We are a people of boundless industry and ingenuity. We are innovators and entrepreneurs and have the most dedicated and productive workers in the world,” said the President-elect in the radio address.
He also knows that change won’t come easily, and that the country is not going to reap the benefits overnight.
“We won’t create a new energy economy overnight. We won’t protect our environment overnight, but we can begin that work right now if we think anew and if we act anew,” Obama said at the news conference announcing the members of his environment and energy team.