In his Jan. 24 State of the Union address, President Barack Obama reinstated his commitment to renewable energy. Obama said that he “will not walk away from the promise of clean energy.”
Obama called for a commitment by the Defense Department to purchase 1,000 MW of renewable energy. He also referenced the long-standing Interior Department commitment to permit 10,000 MW of renewable energy projects on public land this year.
The President called again on Congress to pass a “clean energy standard” that would require electric utilities to glean 80 percent of their power from natural gas, nuclear and renewable sources by 2035, and a permanent extension of a federal production tax credit for wind power.
Obama said that despite challenges encountered in the renewable energy industry, solar, wind and hydro deserve the same federal subsidies that oil and gas companies have received for decades.
“It’s time to end the taxpayer giveaways to an industry (oil based) that rarely has been more profitable, and double-down on a clean energy industry that never has been more promising. Pass clean energy tax credits. Create these jobs.”