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Obamas budget proposes terminating Diesel Emissions Reduction Act grant program

Green Car Congress

Enacted funding for the program in 2010 was $60 million. The budget justification declares that the grant program has largely succeeded: with the $469 million appropriated by the Congress from 2008-2010, the program has produced tangible reductions in NO x and PM emissions. In addition, $7.1

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Obama Announces Steps to Boost Biofuels, Clean Coal; RFS2, BCAP, BIWG and Carbon Capture and Storage Task Force

Green Car Congress

At a meeting with a bipartisan group of governors from around the country, President Barack Obama yesterday laid out three measures intended to work in concert to boost biofuels production and reduce US dependence on petroleum. President Obama. The EPA also set the 2010 RFS volume standard at 12.95

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ARTBA says new 54.5 mpg fuel efficiency standard would result in $65+ billion in lost revenue for highway and transit projects

Green Car Congress

The new Obama Administration proposal to increase fuel efficiency standards for cars and light trucks to an average 54.5 By law, these excises are the primary revenue source for financing road, bridge and transit projects. The less motor fuel used by drivers, the less revenue generated for improvements financed through the HTF.

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Tesla replays DOE loan nine years early

Green Car Congress

billion fundraising , Tesla Motors has paid off the entire loan awarded to the company by the US Department of Energy in 2010. In 2010, Tesla was awarded a milestone-based loan, requiring matching private capital obtained via public offering, by the DOE as part of the Advanced Technology Vehicle Manufacturing (ATVM) program.

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Report from the REFF-Wall Street; Themes in Renewable Energy Finance

Green Car Congress

Green Car Congress attended the Renewable Energy Finance Forum - Wall Street (REFF-Wall Street) conference (23-24 June) sponsored by Euromoney Energy Events and the American Council on Renewable Energy (ACORE). Renewable energy projects are frequently financed with project rather than corporate finance. by Bill Cooke.

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$3.8 Trillion FY 2011 US Budget Proposal Boosts Department of Energy Spending

Green Car Congress

President Obama today transmitted the proposed $3.8-trillion increase over FY 2010 estimates— to support scientific innovation, develop clean and secure energy technologies, maintain national security, and reduce environmental risk. increase over FY 2010 estimates. Select EERE Programs and Financing (US$ millions).

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Energy 2030 outlines steps to double US energy productivity by 2030; spend $166B a year to net savings of $327B

Green Car Congress

Establish state and local programs for financing of efficiency measures, which may use repayment on utility bills or on property tax bills (the capital could be provided by institutional investors). Make all cost-effective efficiency improvements to federal buildings, using private financing and public funds. Energy 2030.

Energy 236