Posted today, U.S. President Barack Obama has proposed his budget for the fiscal year of 2015, which begins October 1, 2014.
As part of the budget he has also announced the funding to be made available for Energy, with a total discretionary spending of $27.9 billion, with most of it going to nuclear and nuclear safety elements.
The budget includes “$2.3 billion to promote efficiency and renewable energy such as solar, wind, geothermal and hydropower to further reduce U.S. dependence on fossil fuels.”, so the Washington Post.
For geothermal $62 million have been budgeted, a 20% increase over 2014 funding of $51 million. Actual spending was $38 million.
While this sounds great and shows a certain commitment, geothermal represents though only 2.7% of all funding for efficiency and renewable energy. Clearly not enough to make the big wave of things happen for geothermal in the U.S., but at least an improvement.
Source: Washington Post
