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President's 2013 Budget Revives 1603 Solar Tax Credit, Eliminates $4B in Fossil Fuel Subsidies : Greentech Media

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"As we recover from this recession, the transition to clean energy has the potential to grow our economy and create millions of jobs--but only if we accelerate that transition. Only if we seize the moment."

Eric Wesoff: February 14, 2012

President Obama sent his budget request to Congress on Monday.

A budget illustrates an administration's real goals, shorn of rhetoric and posturing. So despite Republican attacks on the Obama administration's renewable energy focus and the failures at Solyndra, Beacon, and possibly Fisker -- this budget proposal continues to fund renewable energy and energy efficiency. It is less enthusiastic about the loan guarantee program.

The budget request includes language on a "Clean Energy Standard" that seeks to generate 80 percent of the country's electrical power from solar, wind and (the arguably green) nuclear and natural gas by 2035.

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At www.greentechmedia.com

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