For Immediate Release
Congress Gets it Right: Recovery Deal to Spur Clean Energy Economy
WASHINGTON - Congress came to an agreement on the “American Recovery and Reinvestment Act of 2009” to turn around America’s economy and advance President Obama’s transition to a clean energy future.
- $50 billion for loan guarantees for liquid coal and nuclear energy has been removed from the bill
- $6 billion for clean and safe water, creating more than 200,000 jobs
- $4.5 billion for greening federal buildings
- State energy grants, issued through the Treasury Department, that will fund renewable energy projects that are eligible for the available tax credits
- Funding for the state energy program, which includes important utility reforms and building code conditions
- $2.5 billion for energy efficiency and renewable energy Research and Development
- $5 billion for the Weatherization Assistance Program, creating approximately 90,000 jobs
- A multi-year extension of the renewable production tax credit
- A more effective tax credit for home efficiency upgrades
- $6 billion in loan guarantees for renewables, transmission and leading edge biofuels
- $2 billion for advanced batteries
- $9.3 billion for intercity rail, including high-speed rail
- $27.5 billion for highways (this large pot of money is not exclusively for highways, and states and cities must use this flexibility to invest in fuel-efficient public transportation)
- $8.4 billion for transit
- $1.5 billion in competitive grants for transportation investments (which could be used for public transportation)
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The Natural Resources Defense Council is a national, nonprofit organization of scientists, lawyers and environmental specialists dedicated to protecting public health and the environment. Founded in 1970, NRDC has 1.2 million members and online activists, served from offices in New York, Washington, Chicago, Los Angeles, San Francisco and Beijing.