Biden’s Energy Department Revives Loan Program to Boost Clean Technology

Chile has set an ambitious target to convert 70% of its total energy consumption to renewables by 2030 and become carbon neutral by 2050. Through broad-based political support, public-private partnerships, and innovative green technologies, Chile offers a playbook for policymakers around the world to transition towards renewable energy.
Reading Time: < 1 minute

Chile has set an ambitious target to convert 70% of its total energy consumption to renewables by 2030 and become carbon neutral by 2050. Through broad-based political support, public-private partnerships, and innovative green technologies, Chile offers a playbook for policymakers around the world to transition towards renewable energy.

Reading Time: < 1 minute

Takeaways:

  • As part of its clean-energy agenda, the Biden administration is reviving an energy department program to incentivize clean energy innovation.
  • The loan program has helped the United States launch the first utility-scale wind and solar farms in an effort to create green jobs.
  • 40 billion dollars will be loaned out for a variety of clean energy projects which include wind, solar, and hydro power, advanced vehicles, geothermal and nuclear energy.
  • President Joe Biden has also pledged that 40% of the benefits from these clean-energy investments will go to disadvantaged communities.

Top 5 Newsletter

The Top 5 Happy Eco News stories delivered to your inbox - every Monday.

Sign up now!

Leave a Reply

Your email address will not be published. Required fields are marked *

Support Us.

Happy Eco News will always remain free for anyone who needs it. Help us spread the good news about the environment!