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An aide to Obama said Friday that the administration plans to add 20 gigawatts (GW) or more of wind power and 4 GW of geothermal and solar power by 2012 through loan guarantees and fast tracked national renewable energy requirements, like the Renewable Portfolio Standard. Last May the U.S. Energy Department estimated wind power could provide almost a quarter of U.S. electricity. Trade groups from the U.S. wind and solar industries were happy with the news, considering that the current economic environment for commercial credit has lowered all boats as it were, with all investment now endangered - not just investment in risky financial instruments, but even those investments in renewable energy that are essential to growing a stable economy. 4 votesBuzz up! No other country, in any single year, has added the volume of wind capacity that was added to the US electrical grid in 2007 with both wind and solar growing well over 40%, but with the credit crunch affecting all sectors of the economy, new projects could drop by as much as 50%, without help from the Federal government.

President Obama today announced over $467 million from the American Reinvestment and Recovery Act to expand and accelerate the development, deployment, and use of geothermal and solar energy throughout the United States. The funding announced today represents a substantial down payment that will help the solar and geothermal industries overcome technical barriers, demonstrate new technologies, and provide support for clean energy jobs for years to come. Today's announcement supports the Obama Administration's strategy to increase American economic competiveness, while supporting jobs and moving toward a clean energy economy. "We have a choice. We can remain the world's leading importer of oil, or we can become the world's leading exporter of clean energy," said President Obama. "We can hand over the jobs of the future to our competitors, or we can confront what they have already recognized as the great opportunity of our time: the nation that leads the world in creating new sources of clean energy will be the nation that leads the 21st century global economy. That's the nation I want America to be."

"As fossil fuel prices rise, as oil insecurity deepens, and as concerns about climate change cast a shadow over the future of coal, a new energy economy is emerging in the United States,"� says Lester R. Brown, President of the Earth Policy Institute, in a recent release, "New Energy Economy Emerging in the United States"� . "The old energy economy, fueled by oil, coal, and natural gas, is being replaced by one powered by wind, solar, and geothermal energy. The transition is moving at a pace and on a scale that we could not have imagined even a year ago."�

Despite an unstable regulatory environment-renewable energy tax incentives are stalled in the senate, BLM policy has been inconsistent- the United States will surpass Germany to be the largest market for solar power in the world by 2011, according to a report by JP Morgan, cited in Greentech Media. By 2011, the US will have an installed capacity of 1.6 gigawatts (with 920 MW in California alone), surpassing Germany's expected capacity of 1.35 gigawatts. The third largest market by this time will be South Korea with 957 megawatts of capacity.

Read It News is your source for in-depth news and outdoor and entertainment information for Prescott, Arizona and surrounding areas. We tell stories that emphasize sustainability and community.

As fossil fuel prices rise, as oil insecurity deepens, and as concerns about climate change cast a shadow over the future of coal, a new energy economy is emerging in the United States. The old energy economy, fueled by oil, coal, and natural gas, is being replaced by one powered by wind, solar, and geothermal energy. The transition is moving at a pace and on a scale that we could not have imagined even a year ago.

An environmentalist-sponsored report claims that by 2050, the United States could sever ties with coal and nuclear power, draw nearly all its electricity from renewable sources and cut its greenhouse gas emissions by more than 80% -- all with existing technology and with a net gain of 14 million jobs to the domestic economy. The report, commissioned by Greenpeace and the European Renewable Energy Council and conducted by Germany's equivalent of NASA, was released this morning at a press briefing in Washington. It is heavy on charts and supporting data and transparent on some key assumptions. And its sponsors call its findings "conservative." At its core, the report envisions a steep drop in the United States' energy use, both in absolute terms and compared with International Energy Agency predictions -- driven by strict efficiency standards. It also projects dramatic changes in the nation's electricity mix, with wind and solar power mushrooming to replace coal, oil and nuclear sources that would gradually go offline.

Fast Company says "Massive investments in clean energy promise to keep farmers, urban planners, and green-tech entrepreneurs in business for the next decade" and lists their pick of the new green jobs that will be created - Ten Best Green Jobs for the Next Decade. "It's time to bail out the people and the planet," says Van Jones, author of The Green Collar Economy: How One Solution Can Fix Our Two Biggest Problems. We agree, and this guide to to sustainability-focused career paths will help retrofit and solar-charge your work life. Farmer America has only two million farmers, and their average age is 55. Since sustainable agriculture requires small-scale, local, organic methods rather than petroleum-based machines and fertilizers, there is a huge need for more farmers -- up to tens of millions of them, according to food guru Michael Pollan. Modern farmers are small businesspeople who must be as skilled in heirloom genetics as marketing. ...