The World's #1 Renewable Energy Network for News, Information, and Companies.
Untitled Document

Obama Re-pledges Renewables Commitment as E&Y Reports US Falling Behind

When he stepped up to the podium on Thursday night to accept his party's nomination at the Democratic National Convention, President Barack Obama had quite a few things on his mind. One of those things was renewable energy. Another was climate change. In a speech that touched on issues ranging in scope from health care to job creation, Obama took time to restate his commitment to the improvement of fuel standards and continued investment in renewables.

Obama emphasized some of the positive energy gains that have been made in the past four years. “We raised fuel standards so that by the middle of the next decade, cars and trucks will go twice as far on a gallon of gas. We’ve doubled our use of renewable energy, and thousands of Americans have jobs today building wind turbines and long-lasting batteries,” he explained. “In the last year alone, we cut oil imports by one million barrels a day…and today, the United States of America is less dependent on foreign oil than at any time in nearly two decades.” 

Touching on solar power and biofuels, Obama said his administration will offer “a future where we keep investing in wind and solar and clean coal; where farmers and scientists harness new biofuels to power our cars and trucks; where construction workers build homes and factories that waste less energy; where we develop a hundred year supply of natural gas that's right beneath our feet.” 

Obama’s recommitment to eco-friendly initiatives comes at a critical time, fast on the heels of Ernst & Young’s renewable energy country attractiveness indices report, which again found China in the lead for renewable energy market dominance. According to the report, the United States is currently tied with Germany for second place, having dropped 1.5 points on the ARI (All Renewables Index) in the second quarter of 2012. 

Although the chief reasons for this drop are said to be a result of continued uncertainty with respect to the United States’ long-term renewable energy strategy — in addition to lingering doubts surrounding a much needed extension to the Production Tax Credit (PTC) for wind power producers — there was some encouraging news revealed by the report. Utilities in the U.S. are predicted to spend some $567 million in 2012 on smart grid-related software, with a further increase of 19 percent in the next two years.

Barack Obama’s stated plans to combat global warming were also aptly timed, with a recent Wall Street Journal article reporting record ice thaws throughout the Northern Hemisphere. In his speech, Obama called climate change “no hoax” and said his plan will place heavy emphasis on carbon pollution reduction. 

Obama’s deputy assistant for energy and climate change, Heather Zichal, indicated that renewable energy will remain a chief focus of the President’s goals if re-elected for another term in office, as will his efforts to convince Congress to enact a long-term energy policy. According to Zichal, the President “has talked continuously about the need for a long-term energy policy, and I think that will be something that he will obviously remain focused on in the second term.”

Lead image: Spirit of America via Shutterstock

Untitled Document

RELATED ARTICLES

States Already Seek To Delay Clean Power Plan

Andrew Harris, Bloomberg Fifteen states led by coal-rich West Virginia asked a federal court to stall Obama administration rules intended to c...

Stolen Solar Panels and Sabotage A Challenge for Powering India With Renewable Energy

Anindya Upadhyay, Bloomberg Disappointment spread across Tarun Singh’s face when he saw that parts of his solar power microgrid in eastern India’...

Suntech Parent Company Buys Majority Share of US-based Suniva

Ehren Goossens Shunfeng International Clean Energy Ltd., the Hong Kong-based solar company controlled by billionaire Zheng Jianming,...

Sunrise in Pakistan as the Country Delves into Solar PV

Robert Harker Pakistan has joined the list of countries that are exploring solar power as a means to bridge critical energy generat...

PRESS RELEASES

Array Technologies’ DuraTrack HZ v3 Continues to (R)evolutionize at SPI

Array Technologies, Inc. (ATI) prepares to showcase its recently launched tracking syst...

Appalachian's Energy Center assists counties with landfill gas to energy projects

The Appalachian Energy Center at Appalachian State University recently completed a proj...

Early Bird Registration Deadline for GRC Annual Meeting is This Week

The deadline for early-bird rates for registration for the biggest annual geothermal ev...

Redesigned HydroWorld.com Video Gallery

Hydropower news and information, and interesting promotional announcements are now avai...

FEATURED BLOGS

Transitioning to Net-Zero Living

Judith and Jeffrey adore living in Belfast, Maine – a quaint harbor town of Belfast, Maine. They previously res...

The True Cost of Electric Vehicles in Australia

In order to avoid increased congestion, further greenhouse warming and lessen Australia’s reliance on imported ...

The Coming Multi-trillion Dollar Energy Investment Drive

In coming years, a multi-trillion dollar low-emission energy investment drive will get underway. Three catalysts wil...

The Perfect Elevator Pitch

The elevator pitch is a concise statement that grabs attention and communicates value, ideally leading to a next step...

FINANCIAL NEWS

Vince Font is a freelance journalist specializing in the fields of renewable energy, high tech, travel, and entertainment. Read his blog at www.vincefont.com or follow him on Twitter @vincefont.

CURRENT MAGAZINE ISSUE

Volume 18, Issue 4
1507REW_C11

STAY CONNECTED

To register for our free
e-Newsletters, subscribe today:

SOCIAL ACTIVITY

Tweet the Editors! @jennrunyon

FEATURED PARTNERS



EVENTS

Doing Business in South Africa – in partnership with GWEC, the Glob...

Wind Energy in South Africa has been expanding dramatically, growing fro...

Intersolar South America 2015

Exhibition and Conference: September 1-3, 2015 Intersolar South America ...

Intersolar Europe 2016

Exhibition: June 22-24, 2016; Conference: June 21-22, 2016 Intersolar Eu...

COMPANY BLOGS

The Proof Is Not Always In The Pudding

One of the best ways to turn a skeptical prospect into a buyer is to giv...

Pushing Beyond The Cushion

Efficiency projects are all too often viewed as “optional” o...

Less Is More

When you’re giving a presentation, one of the easiest things to do...

NEWSLETTERS

Renewable Energy: Subscribe Now

Solar Energy: Subscribe Now

Wind Energy: Subscribe Now

Geothermal Energy: Subscribe Now

Bioenergy: Subscribe Now  

 

FEATURED PARTNERS