Similar Stories to With A Tight Federal Budget, Here's Where To Focus Clean Energy Research Funding on Bing News

A 2015 Harvard Business School study estimated that by enabling producers to get more natural gas out of the ground, fracking contributed $430 billion to the U.S. economy just in 2014. Not every investment has proved this successful, especially in well-publicized cases of grants and loan guarantees for specific companies, such as Solyndra, a solar panel manufacturer that failed in 2011 after receiving millions of dollars in federal loan guarantees. [...] a federal research program with few failures would be too conservative. All in all, the National Research Council study indicates that the Energy Department’s investments have paid off, with energy efficiency showing a 300 percent return on investment, and even fossil fuel programs showing a 2 percent return. Batteries are also a good bet at a time when budgets are limited because the money needed for research is relatively small, compared to the large investments required for nuclear research or demonstration projects for fossil fuel electric generation technologies. [...] in an earlier study, colleagues and I found that federal investments have a strong chance of significantly lowering the costs of advanced batteries. Even better, burning biomass such as trees or corn stover (stalks, leaves and cobs) along with fossil fuels would actually lead to a net reduction of carbon concentrations in the atmosphere, since it would sequester carbon that the plants absorbed from the air as they grew. [...] that’s one reason we have federal funding.

BING NEWS:
  • Four radical reforms to shrink our federal budget
    It was exactly 50 years ago that the liberal post-Watergate Congress, dominated by Democratic big spenders, passed a new set of budget rules called the Budget Reform and Impoundment Control Act.
    05/2/2024 - 10:35 am | View Link
  • Biden administration gives more than $26 million in clean energy grants
    The Biden administration said Wednesday that it will give more than $26.9 million in grants in support of clean energy projects across the country. “Energy efficient upgrades are a surefire way to ...
    05/1/2024 - 12:08 pm | View Link
  • Maine awarded clean energy grant under federal solar program
    Maine will use its share of $5.5 billion in grants to facilitate single- and multi-family on-site solar programs and support cooperatively owned community solar. White House National Climate Adviser ...
    04/22/2024 - 12:52 am | View Link
  • Federal funding announced for NC clean energy project
    U.S. Energy Secretary Jennifer Granholm visited Raleigh on Friday to announce $18.3 million in funding to support Siemens Energy as the company plans to produce equipment needed to integrate more ...
    04/19/2024 - 11:27 am | View Link
  • Share correction, Israel escalation risk, Rate cut delays but inflation falling, Q1 CPI to slow 3.4%
    Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses developments in investment markets over the past week, economic activity trackers, major global economic events and ...
    04/18/2024 - 7:30 pm | View Link
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