Senate Appropriations Committee Releases Summary of Proposed Energy Spending

The U.S. Senate Appropriations Committee today released a summary of the proposed funding to be included in the Senate version of the economic stimulus, or recovery, package currently being reviewed, The American Recovery and Reinvestment Act of 2009.

The measure includes: – $33 billion in green energy tax incentives will grow jobs in the renewable energy sector by encouraging private-sector investments in research and production of green energy with wind, biomass, hydropower, and other renewable sources – $5.4 billion in tax incentives for conservation and green energy use will encourage and reward energy efficiency and the building of alternative fueling stations, and facilitate the funding of conservation projects to improve America’s energy independence and grow jobs in these sectors as well. – $4.6 billion for Fossil Energy research and development. – $2 billion is provided in grant funding for the manufacturing of advanced batteries systems and components and vehicle batteries that are produced in the United States.