25 Apr '11, 9pm

Despite GOP Budget, DOE Can Fund More(!) Renewable Energy

Despite GOP Budget, DOE Can Fund More(!) Renewable Energy

The Department of Energy’s renewable energy loan guarantee program has actually gotten more funding in the wake of the GOP clean-energy-smothering budget, reports Kirsten Korosec at BNET . Not that the new GOP congress is actually secret best friends with clean energy, but rather, simply from a little detail that may possibly have slipped by unnoticed. Here’s how it happened. The “authorization” bucket is how much you can spend. The “appropriations” bucket is the money you actually have to spend. Although the budget trimmed the authorization funding, it actually expanded the appropriations funding with credit subsidies. So there are now more funds for clean energy. Then there are two loan guarantee programs for clean energy: one that Republicans like because it includes CCS and nuclear, and one they tried to cut, because it was passed in the Recovery Act. The 1703 program ...

Full article: http://cleantechnica.com/2011/04/25/despite-gop-budget-do...

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