Policy News

Investing in Clean Energy

Published: Monday, 29 June 2015 19:38
Written by STEPS
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The Obama Administration’s Clean Energy Investment Initiative has received commitments totaling $4 billion from a group of foundations, investors, and others. This investment will be applied to the development of new, clean-energy technologies that will build off of the progress that solar, wind, batteries, and fuel cells have already accomplished. In addition to these investments to move ideas to the laboratory and then to the commercial space, the Obama Administration is also initiating a set of executive actions to further encourage development of clean-energy technologies. The Department of Energy will launch a Clean Energy Impact Investment Center to freely distribute informa- tion about energy and climate programs both within the DOE and other agencies. The Administration will also issue guidance documents on the impact of investments in this sector and developing options for the Small Business Administration to enable long-term capital investment from private foundations and investors. See: Mobilizing $4 Billion in Private-Sector Support for Homegrown Clean Energy Innovation. by Secretary Ernest Moniz on June 16, 2015. https://www whitehouse gov/ blog/2015/06/16/mobilizing-4-billion-private-sector-sup- port-homegrown-clean-energ y-innovation.