Everybody is talking about a green recovery plan. But what are the details? Who exactly gets how much to do what? I’m glad you asked.
The Center for American progress has published the details of a plan for “Stimulating the Economy Today by Rebuilding for Future Prosperity.” This proposed $47.2 billion green recovery package includes near-term spending on the following programs:
- Transit agencies and ready-to-go transportation projects: Provide $2 billion in assistance to transit agencies to reduce transit fares and expand services, and begin construction on ready-to-go rail and other projects.
- Refundable residential energy efficiency tax credits: Increase funding for refundable residential energy efficiency tax credits to $5 billion and raise the maximum credit for household efficiency upgrades to $2,000.
- Clean renewable energy bonds: Increase CREB funding for consumer-owned utilities to $5 billion to jump-start renewable energy projects.
- “Cash for Clunkers” rebates for older cars: Initiate a $2.5 billion annual program to purchase and scrap older, more polluting cars, in exchange for an owner agreement to acquire a more efficient vehicle or use alternative transportation.
- The Weatherization Assistance Program: Fully fund the Weatherization Assistance Program at $900 million, the amount Congress is authorized to spend on the program in FY 2009, and build toward a goal of weatherizing 1 million homes.
- Energy efficiency and conservation block grants: Increase appropriation to $6 billion to fund states, cities, and counties in pursuing clean energy projects.
- Solar roofs on federal buildings: Authorize $3.5 billion to install 2,000 megawatts of solar power on federal rooftops, and amend federal electricity contracting to allow for 30-year power purchasing agreements.
- New Starts Transit project investments: Fully fund the New Starts Transit budget at the $6.6 billion authorized in Safe, Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for Users.
- Green school construction and renovation: Support state and local school modernization, renovation, and repair at $7.25 billion.
- Green affordable housing HOME block grants: Supplement block grant funding through the HOME program with $1 billion for energy-related projects.
- HOPE VI program for green community revitalization: Appropriate $800 million for greening HOPE VI projects to meet Energy Star and green communities standards.
- Smart grid federal matching funds: Fund the Smart Grid Title of the Energy Independence and Security Act of 2007 to support $1.3 billion for infrastructure investment and demonstration projects.
- Workforce investment in the Green Jobs Act: Increase appropriation for the Green Jobs Act, authorized in the 2007 Energy Independence and Security Act to $250 million to provide job training and workforce investment in energy efficiency and renewable-energy installations.
- Green jobs restoring the land: Expand existing programs by $800 million to restore parkland, forests, wetlands, wildlife refuges, and rural ecosystems.
- Manufacturing Extension Partnership: Expand the capacity of domestic manufacturing modernization efforts by increasing MEP funding to $200 million.
- Advanced coal technology to capture carbon: Invest $1.1 billion to deploy demonstration carbon capture-and-storage technology at a coal-fired power plant.
- Additional green infrastructure for clean water: Invest in broader community benefits and green jobs with $3 billion in green storm water infrastructure.
Details on each and every one of those proposals can be found here.
- Green investment does create jobs
- The intellectual bankruptcy of conservatism: Heritage even opposes energy efficiency
- Nicholas Stern: Recession is the time to build a low-carbon future
- “The Green Collar Economy” is a NYT Bestseller
- Green policies in California created 1.5 million jobs
- Mayors report: 4.2 million new green jobs possible
- What would a Green Recovery do for your state?