Barack Obama And The Environmental Protection Agency

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On August 3, 2015, President Barack Obama and the Environmental Protection Agency (EPA) announced the biggest plan to reduce CO2 emissions in American history. Labeled as the Clean Power Plan, the initiative is designed to reduce carbon pollution by 32 percent below 2005 levels by 2030, as well as accelerating the fast-growing trend towards clean-energy sources. Moreover, under a series of executive orders and actions, the Obama administration is set on showing venture capitalists that moving towards a path of energy efficiency and sustainability is not only good for the environment, but also a great opportunity to get involved in clean-energy projects. These are some of the initiatives: 1) Renewable-Energy Projects on Public Lands: Since President Obama took office, the Department of the Interior (DOI) has approved over 50 renewable-energy projects on public and tribal lands, including wind, solar and geothermal utility-scale projects . Together, these projects can support more than 20,000 jobs and generate enough electricity to power 4.8 million homes. In population numbers, that means more than twice the size of Houston, TX. 2) Expanding The Clean Energy Economy: The Obama administration has made the largest investment in clean energy generation in American history. It has increased more than twenty times the generation of solar energy and tripled the generation from wind power sources. Following in that line (and with the clear intention of attracting the private sector towards clean energy) the administration has also secured more than $4 billion in commitments and actions from the private sector to increase clean-energy innovation projects. 3) Expanding and Modernizing The Electric Grid: A... ... middle of paper ... ...lion for energy efficiency upgrades in Federal buildings. Additionally, in 2013 President Obama signed a Presidential Memorandum directing the federal government to buy at least 20 percent of its electricity from renewable sources by 2020. 7) Access To Solar Energy: The Obama administration created a new initiative to increase the access to solar energy for low- and moderate-income households. Because of this, citizens can now apply for the “Residential Renewable Tax Credit,” which offers a 30 percent credit of qualified expenditures for a solar system from the federal government. These and many other initiatives being adopted by the Obama Administration are intended, not only to strengthen the U.S. government 's protagonist role in fighting climate change, but also to attract vendor capitalists to take a chance and invest in clean energy solutions.
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