EERE Network News
November 12, 2008
News and Events
DOE issued an Interim Final Rule for the Advanced Technology Vehicles Manufacturing Loan Program, which will distribute up to $25 billion in direct loans to automakers and component manufacturers.
Missouri's investor-owned utilities will have to draw on renewable energy for 15% of their electricity supply by 2021, after the state's voters approved the Missouri Clean Energy Initiative, or Proposition C. The proposition gained approval from two-thirds of the state's voters.
Voters in California have approved a measure to issue nearly $10 billion in bonds to help finance a new high-speed electric rail system, which will connect such far-flung cities as San Diego, San Francisco, and Sacramento. Across the country, voters passed more than 20 transportation measures.
Boulder County, Colorado, will soon offer financing for homeowners and businesses that want to install energy efficiency improvements or renewable energy systems. The measure mimics a similar program in Berkeley, California, that is now being launched as a pilot program.
The California Public Utilities Commission is providing nearly $1 billion over the next three years for the state's largest utilities to install energy efficiency improvements in the homes of low-income families. The state's goal is for every eligible customer to be given a chance to participate by 2020.
A recent report on world carbon markets anticipated that the markets would exceed $100 billion in value by the end of this year, but a recent 20% drop in the price of carbon emission allowances makes that milestone appear increasingly unlikely to be achieved this year.