The economic stimulus package signed into law last month by President Obama contains a number of green initiatives that could prove beneficial in many ways. The new law will provide for public investment in efforts that may lead to more reliance on renewable energy, greater energy efficiency, and a cleaner environment.
The provisions range from tax incentives for people to buy hybrid vehicles or weatherize their homes, to direct appropriations to states and local governments for public transportation and infrastructure improvements, to grants to institutions for the development of alternative energy or advanced battery systems.
In turning “crisis into opportunity,” the administration hopes to put the United States on a path toward greater energy independence and security, reduce emissions of greenhouse gases, and strengthen the economy by creating good jobs for Americans in the green-technology sector.