President Obama allocates $62 million for geothermal in 2015 budget
The White House in Washington, DC (source: flickr/ Tom Lohdan, creative commons)
Alexander Richter
4 Mar 2014
In its proposed budget for 2015, U.S. President Obama has allocated $62 million for geothermal as part of the activities of the Geothermal Technologies Program at the Department of Energy. This is an increase of 20% over funding for last year, but still represents only 2.7% of overall efficiency and renewable funding.
Posted today, U.S. President Barack Obama has proposed his budget for the fiscal year of 2015, which begins October 1, 2014.
As part of the budget he has also announced the funding to be made available for Energy, with a total discretionary spending of $27.9 billion, with most of it going to nuclear and nuclear safety elements.
The budget includes “$2.3 billion to promote efficiency and renewable energy such as solar, wind, geothermal and hydropower to further reduce U.S. dependence on fossil fuels.”, so the Washington Post.
For geothermal $62 million have been budgeted, a 20% increase over 2014 funding of $51 million. Actual spending was $38 million.
While this sounds great and shows a certain commitment, geothermal represents though only 2.7% of all funding for efficiency and renewable energy. Clearly not enough to make the big wave of things happen for geothermal in the U.S., but at least an improvement.
Source: Washington Post
