Obama unveils drive to support solar energy

April 18, 2014 - 10:12:12 am
US President Barack Obama at the Community College in Pennsylvania. The President announced new investments to support job-driven training.

WASHINGTON: The White House yesterday announced a series of measures aimed at increasing solar energy production in the United States, particularly by encouraging the installation of solar panels in public spaces.

President Barack Obama and his Democratic allies in Congress want laws to fight climate change and reduce greenhouse gas emissions, but Republicans, who hold the majority in the House of Representatives, have blocked all legislative efforts since 2011.

In response, the President has switched tactics, using his regulatory and administrative powers to enact his climate change policies.

Yesterday, the White House launched a programme to encourage federal agencies, military installations, and publicly-subsidised buildings in the Washington area to install more solar panels on roofs, covered parking garages and open land.

And, earlier in the week, the Energy Department guaranteed at least $2.5bn in loans for “innovative” solar projects.

US budget plan to boost tax revenues

WASHINGTON: US President Barack Obama’s fiscal 2015 budget request would boost US tax revenues by nearly $1.4 trillion over 10 years if fully enacted, slashing deficits by $1.05 trillion while funding new spending, the Congressional Budget Office said yesterday.

The analysis compares Obama’s request to a new “baseline” estimate that CBO released last week that assumes no changes to current tax and spending laws. But Obama’s budget plan is loaded with new policy changes. Reuters

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