Obama diverted renewable energy funding, while touting renewables

the administration received dozens of applications, but then made little progress in getting them processed. So far, less than 3 percent of the money set aside for [renewable energy] loan guarantees has actually been formally assign…….

Obama Talks Big About Clean Energy While Cash Stripped From Key Program Internal Memo Advises President Obama to Fix Program or Scrap It ABC News By MATTHEW MOSK and TIM FLEMING. Nov. 3, 2010 While President Obama has touted his deep commitment to a clean energy industry, the administration has quietly drained more than half of the $6 billion allocated to a key renewable energy program and senior White House officials have proposed either fixing or scrapping one of the President’s most widely heralded initiatives involving solar and wind power.

An internal White House memo sent to the President from key advisors on Oct. 25, obtained by ABC News, outlines the shortcomings of the administration’s renewable loan guarantee program, which was to set aside millions of taxpayer dollars to backstop private efforts to build robust power plants that rely on solar, wind, and other renewable resources.

The memo was drafted by Obama’s top environmental advisor, Carol Browner, top economic advisor Lawrence Summers and the chief of staff to Vice President Joe Biden, Ron Klain. It acknowledges what some environmental and congressional leaders have quietly complained about for months — that the loan program has moved too slowly to approve projects and now is in trouble…

Cash Diverted To Cash For Clunkers

But in recent weeks, much of the criticism about the government’s commitment to renewable energy has been directed at the White House. Industry insiders have complained that the administration has drained the loan guarantee initiative of its initial funds, and processed applications so slowly that some investors have lost patience.

Sen. Jeff Bingaman, D.- New Mexico, the chairman of the Senate Committee on Energy and Natural Resources, told ABC News the administration received dozens of applications, but then made little progress in getting them processed. So far, less than 3 percent of the money set aside for loan guarantees has actually been formally assign…….

Obama Talks Big About Clean Energy While Cash Stripped From Key Program – ABC News

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Energy efficiency – theme for July 2019

Energy efficiency represents the single largest potential contributor to global emissions reduction, according to the International Energy Agency (IEA 2017). It should be a key part of the global energy strategy, for several reasons:

It could reduce global electric demand by more than 20 per cent, based on current rates in the U.S. power sector, while maintaining high levels of services such as heating and lighting.
It avoids the need for increased energy, capacity and grid services, making it the least expensive way to decarbonise at scale.
It can reduce carbon dioxide emissions by billions of tonnes.

A dramatic example of the power of energy efficiency is lighting. In 2017 the United States passed the milestone of 1 billion LED and CFL lights installed, avoiding 142 million tonnes a year of carbon dioxide emissions, at a cost of about $7 per ton of avoided carbon dioxide. In contrast, the cumulative installed capacity of rooftop solar reached 8,000 MW in 2017, saving 8 million tonnes a year of carbon dioxide, at a cost of $360 per ton. Lighting efficiency thus yielded almost 18 times the avoided carbon dioxide, at about 2 per cent the cost per ton of rooftop solar.

Google provides another example of the power of energy efficiency. Its data centers now use 50 per cent less energy than the average data center, according to the company. Google also developed an improved chip, the TPU, which performs 83 times better than standard CPUs. The new chip allowed Google to reduce power consumption at its data centers by a factor of 30—far exceeding the effect on Google’s carbon footprint of all of the company’s renewable energy purchases. ” – John Woolard, Eco Business, 10 June 2019

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