Three key policies lay the
groundwork for investing billions of dollars in the next
few years.
- The National Energy Policy Act of 2005, signed last
August by President Bush, is the first comprehensive
national energy policy in a decade. The Act authorizes
more than $4 billion during FY 06–FY 10 for hydrogen
and fuel cell R&D, demonstrations, and procurement,
as well as nearly $3 billion for other renewable energy
such as biomass, bio-fuels, solar, and alternative
fuel vehicles.
- USDA Farm Energy provides financial support for
renewable energy systems, and for farmers to transition
to higher value products including farm-based
renewable energy.
- President Bush's Advanced Energy Initiative boosts
focus and funding on plug-in hybrid vehicles, cellulosic
ethanol, hydrogen fuel cell vehicles, wind power, and
solar technologies.
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