EERE Network News
February 25, 2009
News and Events
In his address to Congress on February 24, President Barack Obama called for an annual U.S. investment of $15 billion in clean energy technologies to regain a leadership position in the world. The president also called for a market-based cap on carbon emissions to drive renewable energy production.
To make sure that DOE funds provided by the American Recovery and Reinvestment Act are disbursed quickly, Energy Secretary Steven Chu has announced a restructuring of DOE's processes for reviewing applications and issuing loans, loan guarantees, and other funds.
DOE and the Northwest Food Processors Association have signed a Memorandum of Understanding that sets an industry-wide target of reducing energy intensity by 25% over the next ten years.
The U.S. Department of Interior is developing a comprehensive plan for offshore energy resources, including both conventional oil and natural gas and renewable energy resources. The agency will also expedite its final rulemaking for offshore renewable energy development.
To help independent companies build power lines to carry renewable energy, the Federal Energy Regulatory Commission is letting the companies sign agreements with renewable energy developers in the early project stages. The decision may lead to two massive projects to deliver wind power to the Southwest.
The world currently has the potential to hold global warming below 2°C, but only if world governments act quickly and decisively, according to a new report from McKinsey & Company. The report says a delay of even 10 years could make the goal nearly impossible to achieve.