3.A.1: Renewable Energy

Double the nation’s supply of renewable energy in the next three years.

Other Information:

The President has set a goal to double the generation of renewable energy in the next three years, unleashing a wave of innovation in the clean energy industries of the future. To accomplish this vision, the Recovery Act included billions of dollars to support loan guarantees and the extension of the Production Tax Credit for electricity production from renewable energy sources, leveraging tens of billions of dollars in private investment. The Recovery Act and the President’s 2010 Budget also include significant increases for renewable energy technology R&D. In addition, the President pursued regulatory reform to ease the transition to a clean energy economy. In April the Department of the Interior released final regulations that will govern the development of renewable energy in offshore waters. These rules will enable our Nation to tap into the ocean’s vast sustainable resources to generate clean, green energy in an environmentally sound and safe manner.

Stakeholder(s):

• Department of the Interior

Indicator(s):

Indicator:1

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