Projects That Fight Global Warming

The Energy Department Just Announced $4 Billion For Projects That Fight Global Warming

Projects-That-Fight-Global-Warming

Fighting climate change and global warming is a big project, and encouraging the private sector to take part is an important part of President Obama’s Climate Action Plan. That’s what led to the U.S. Department of Energy announcing a $4 billion loan guarantee program on Thursday for new ideas on renewable and efficient energy projects that can limit or reduce greenhouse gas emissions.

“As the President emphasized in his Climate Action Plan, it is critical that we take an all-of-the above approach to energy in order to cut carbon pollution, help address the effects of climate change and protect our children’s future,” said Energy Secretary Ernest Moniz in the program announcement. “Investments in clean, low-carbon energy also provide an economic opportunity.”

The program covers several key areas of interest including better electric grid technologies, biofuels, improving energy efficiency, better hydroelectric power providers and projects that can turn waste into useful energy. That’s a daunting list at first glance, but research and development in all of those areas is ongoing in both major corporations and plenty of small startups.

Encouraging private investments while not risking taxpayer money is the watchword of the program. Its cautious structure aside, it could very well lead to big improvements in the U.S. energy markets. The DOE has played in this role before, providing $33 million for new fuel cell technologies not long ago.

“Through previous loan guarantees and other investments, the Department is already helping launch or jumpstart entire industries in the U.S., from utility-scale wind and solar to nuclear and lower-carbon fossil energy,” Moniz said. “Today’s announcement will help build on and accelerate that success.”

Startups interested in getting some of that funding for their energy projects should check out the DOE solicitation for applications.

Source | Inthecapital

 

Find us here

Get news from the CSGLOBE in your inbox each weekday morning

The views and opinions expressed in this article are those of the authors/source and do not necessarily reflect the position of CSGLOBE or its staff.

Paid content

China Is Turning The Rainforest Into Cheap Furniture For The U.S.

Driven by American demand for cheap furniture, China has become the greatest importer of illegal timber. The...

France Declares All New Rooftops Must Be Topped With Plants Or Solar Panels

A new law recently passed in France mandates that all new buildings that are built in commercial zones in France must be partially covered in...

Bill Gates Admits to Chemtrails

Bill Gates backs climate scientists lobbying for large-scale geoengineering ( Chemtrails ) Geo-engineers are finally coming out of the “chemtrail” closet, as reports are now...

What's New Today

Georgia House Votes To Allow Citizens To Abolish Police Departments In The State

The Georgia House backed an effort on Friday to dissolve the Glynn County Police Department and any...

Leaked CDC document contradicts Pence claim that U.S. coronavirus cases ‘have stabilized’

Even as Vice President Mike Pence wrote in a Wall Street Journal op-ed published Tuesday that coronavirus...

Five bombshells about Trump from Bolton ‘s book

Excerpts from former national security adviser John Bolton ’s book about his time in the Trump administration...

Don’t Listen to Fox. Here’s What’s Really Going On in Seattle’s Protest Zone.

It seems I live in a city undergoing a “totalitarian takeover” that will lead to “fascist outcomes”...

MOST READ

What Is Agenda 21? Depopulation of 95% of the World By 2030

Most people are unaware that one of the greatest threats to their freedom may be a United Nations program which plans to depopulate 95%...

Alien Base for Giants Discovered in the Bucegi Mountains

In the summer of 2003, in an unexplored area of the Bucegi Mountains, a team from Zero Department (a top secret section of the...

Putin has Banned Rothschild and His New World Order Banking Cartel Family from Entering Russian Territory

As of recently, Russian president Vladimir Putin took yet another decision for his country. "Under any circumstances", the Rothschild family is banned from entering Russian territory. Along...

China Is Turning The Rainforest Into Cheap Furniture For The U.S.

Driven by American demand for cheap furniture, China has become the greatest importer of illegal timber. The...

The Arctic climate threat that nobody’s even talking about yet

When we think about the Arctic in a warming world, we tend to think about sharp declines in sea ice and — that powerful symbol —...

Costa Rica Wants to Become World’s First Country to Eliminate Single-Use Plastics

Costa Rica wants to become the world's first country to achieve a comprehensive national strategy to eliminate single-use plastics by 2021. The Central American nation intends to replace these wasteful,...

Adidas Wants to Turn Ocean Plastic Into Sportswear

Adidas group announces new partnership with Parley for the Oceans and launches sustainability progress report Would you buy shoes or clothes made from trash that...

On the Brink of War in the South China Sea and No One is Reporting on It

Whatever your opinion about the United States military, believe it or not, it has actually been relatively calm and conservative over the last several...

Huge 5,000-Year-Old Underground City Discovered in Turkey

A 5,000-year-old underground city discovered in central Turkey in December 2014  May Be One of the World’s Largest Officials in Turkey have announced the discovery...

Russian Prime Minister Medvedev: Aliens Are Already Here and The World Needs to Know About It

We’ve established that for some, aliens exist and for others, this is just fantasy. There is a belief, however, that aliens are already here and...

Afghan Opium Production 40 Times Higher Since US-NATO Invasion

Nobody ever thought that the U.S invasion of Afghanistan in 2001 would deal so much damage. Unfortunately, it is true.. Raise of Opium as a Shock The...