6 CO2 Emissions Iniatives Encourage Venture Capitalists to Invest
1. 6 CO2 Emissions
Initiatives Encourage
Venture Capitalists to
Invest!
RENEWABLE-ENERGY
PROJECTS ON PUBLIC
LANDS
Since President Obama took office, the
Department of the Interior (DOI) has
approved over 50 renewable-energy
projects on public and tribal lands,
including wind, solar and geothermal
utility-scale projects . Together, these
projects can support more than 20,000 jobs
and generate enough electricity to power
4.8 million homes. In population numbers,
that means more than twice the size of
Houston, TX.
EXPANDING THE CLEAN
ENERGY ECONOMY
The Obama administration has made
the largest investment in clean energy
generation in American history. It has
increased more than twenty times the
generation of solar energy and tripled
the generation from wind power
sources. Following in that line (and
with the clear intention of attracting
the private sector towards clean
energy) the administration has also
secured more than $4 billion in
commitments and actions from the
private sector to increase clean-energy
innovation projects..
2. EXPANDING AND
MODERNIZING THE
ELECTRIC GRID
As President Obama stated: “Expanding and
modernizing the grid provides improved
access to remote sources of solar and wind
energy”. Under that principle, the Obama
administration has put forth efforts to
establish energy corridors. It has constantly
encouraged venture capitalists to use
designated energy corridors in western
states; expedited the review of electric
transmission projects in non-western states
and improved the overall transmission,
permitting, and reviewing processes. By
expanding and modernizing the electric
grid, the government is aiming to draw
investors to compete under a clearly
demarked set of rules.
CREATION OF ARPA-E
The Obama administration has made
the largest investment in clean energy
generation in American history. It has
increased more than twenty times the
generation of solar energy and tripled
the generation from wind power
sources. Following in that line (and
with the clear intention of attracting
the private sector towards clean
energy) the administration has also
secured more than $4 billion in
commitments and actions from the
private sector to increase clean-energy
innovation projects..
3. ADVANCING TOWARDS A
SUSTAINABLE FEDERAL
GOVERNMENT
As President Obama stated: “Expanding and
modernizing the grid provides improved
access to remote sources of solar and wind
energy”. Under that principle, the Obama
administration has put forth efforts to
establish energy corridors. It has constantly
encouraged venture capitalists to use
designated energy corridors in western
states; expedited the review of electric
transmission projects in non-western states
and improved the overall transmission,
permitting, and reviewing processes. By
expanding and modernizing the electric
grid, the government is aiming to draw
investors to compete under a clearly
demarked set of rules.
ACCESS TO SOLAR ENERGY
The Obama administration created a
new initiative to increase the access to
solar energy for low- and moderate-
income households. Because of this,
citizens can now apply for the
“Residential Renewable Tax Credit,”
which offers a 30 percent credit of
qualified expenditures for a solar
system from the federal government.
These and many other initiatives being
adopted by the Obama Administration
are intended, not only to strengthen
the U.S. government’s protagonist role
in fighting climate change, but also to
attract vendor capitalists to take a
chance and invest in clean energy
solutions.