DOE Budget Favors Renewables, Makes Cuts to Coal, Nuclear Programs :: POWER Magazine - 0 views
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Energy Net on 15 May 09President Obama's $26.4 billion Department of Energy (DOE) budget request for fiscal year (FY) 2010 substantially increases new cash for the development of renewable energies, energy efficiency, and for measures to curb carbon dioxide emissions, but it cuts funding to coal and nuclear programs-fuels that produce 70% of the nation's electricity. The proposed FY 2010 budget, which would take effect on October 1 if approved by Congress, complements $38.7 billion the DOE will invest as part of the American Recovery and Reinvestment Act. Energy Secretary Steven Chu last week detailed the budget request, highlighting major funding changes from FY 2009. He stressed that while the budget makes important investments in energy independence and job creation, it also cuts back on programs that don't work as well or are no longer needed. Favoring Renewables Among the major increases were to the Office of Energy Efficiency and Renewable Energy (EERE). Its budget of $2.3 billion-an increase of 6% over FY 2009-builds on the Recovery Act funding of $16.8 billion. Solar energy got the biggest boost, gaining $320 million, an 83% increase from FY 2009. Wind received $75 million (a 36% increase from FY 2009), geothermal got $50 million (14% increase), while biomass and biorefinery systems research and development gained $235 million (8% increase).