By Andrew Restuccia - 01/26/11 01:48 AM EST
As we noted already, Obama also calls for putting 1 million "advanced technology vehicles" on the road by 2015, producing 80 percent of the country's electricity from "clean energy sources" by 2035 and eliminating tax breaks for the oil industry.
Here is more detail on those proposals, via the fact sheet:
"A new commitment to supporting clean energy technology, paid for by ending taxpayer subsidies for fossil fuels: The President’s Budget will propose increasing clean energy technology funding by a third compared to 2010, including an expansion of the successful ARPA-E research program and a doubling of the number of Energy Innovation Hubs operating around the country. These Hubs will allow America’s scientists and engineers to gather the best minds in their fields, and focus on the hardest problems in clean energy. The President’s Budget will also focus on high-value research on clean energy deployment, including more than doubling investments in energy efficiency and a more than 85 percent increase in renewable energy investment. These investments will support the “$1 a Watt” initiative to make solar energy cost competitive; increased funding for 24-hour geothermal renewable energy; and industrial efficiency to keep U.S. manufacturing competitive. To ensure that we make these investments without adding to the deficit, the President called for ending the approximately $4 billion per year in tax subsidies to oil, gas and other fossil fuel producers."
"Putting 1 million advanced technology vehicles on U.S. roads by 2015: In 2008, the President set an ambitious goal of putting 1 million advanced technology vehicles on the road by 2015 – which would put us on a path to reducing oil consumption by 785 million barrels by 2030. While the President’s efforts to date have positioned the U.S. to meet that goal, more is needed to ensure that the U.S. is the first country to put 1 million advanced vehicles on its roads. To reach that goal, President Obama will propose in his Budget a new effort to support electric vehicle manufacturing and adoption in the U.S. through improved consumer rebates, investments in R&D, and competitive programs to encourage communities that invest in electric vehicle infrastructure. This builds on our ongoing efforts to reduce dependence on foreign oil through aggressive steps including strong fuel economy standards for cars and trucks and significant investments in biofuels."
"Doubling the share of electricity generated from clean energy sources by 2035: By proposing to make sure that 80 percent of electricity comes from clean energy sources, the President is proposing new standards that will help create a market to unleash innovation across a range of energy sources, from renewable sources to nuclear power, clean coal, and natural gas. This standard would be coupled with new efforts to promote energy efficiency that save money for American families and businesses – including a new initiative to catalyze private sector investment and upgrade commercial buildings such as offices, stores, schools and other municipal buildings, universities, and hospitals. It will also build on the U.S. Department of the Interior’s efforts to site more renewable energy projects on public lands than at any point in history."