What Obama’s Reelection Means For Green Energy
By Ryan Galloway
When Barack Obama was elected to the presidency in 2008, many assumed he had a mandate to pursue various alternative energy solutions against which previous administrations had hedged. Four years and a re-election later, the Obama administration’s aims remain very much the same, and its clean energy mandate is every bit as ambitious.
The president seems poised to stay the course he set during his 2011 State of the Union Address, during which he projected that 80% of America’s electricity will come from clean energy sources by 2035.
Ambitious, certainly, but not out of reach. The Obama administration has devoted considerable resources to a range of clean-energy solutions. The American Recovery and Reinvestment Act of 2009 alone devoted some $80 billion to the funding of clean and renewable energy resources, including substantial tax incentives for both solar and wind energy.
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