Home » Energy Policy »

When and How Recovery Act Investment in Clean Energy Pays Off: A Federal Perspective

A new paper from the U.S. Department of Energy explores the ways in which American Recovery and Reinvestment Act investment in clean energy is spurring economic growth and attracting investment from the private sector, and even standing up entirely new industries for the 21st century.

DOWNLOAD the PDF "When and How Recovery Act Investment in Clean Energy Pays Off: A Federal Perspective"

The American Recovery and Reinvestment Act (Recovery Act), passed on February 17, 2009, made the single largest investment in clean and renewable energy in US history, spread across an array of technologies. While this investment was expected to help build a strong foundation for the future of clean energy in the US, evidence shows that the investment has also been paying off quite dramatically in the short-term.

A new paper by Robert H. Edwards, Jr., and Jennifer Tiedeman, of the U.S. Department of Energy's Office of the General Counsel, explores the ways in which Recovery Act investment in clean energy is spurring economic growth and attracting investment from the private sector, and even standing up entirely new industries for the 21st century. It analyzes the relationship between Federal commitment to clean energy technology and investment by the private sector, and examines the funding approaches and financial incentives authorized by the Recovery Act that are making this economic growth possible.

The paper also provides a brief overview of particular clean energy areas in which Recovery Act dollars are at work, including the advanced vehicle and battery industries; various renewable energy sectors such as solar, wind and biomass; and the development of the smart grid.