Summary:

The White House sent its proposed budget for 2013 to Congress on Monday, and the plan calls for boosting funding for clean power and energy efficiency, seeks to eliminate fossil fuel subsidies and doesn’t seek additional funds for the loan guarantee program.

arun-majumdar

The White House sent its proposed budget for 2013 to Congress on Monday, and it’s continued support for clean power and energy efficiency are sure to be controversial. The plan calls for boosting funding for clean power and energy efficiency, and seeks to eliminate fossil fuel subsidies. At the same time, the beleagured loan guarantee program, which birthed the now infamous Solyndra, is not seeking additional funds.

Here’s what you need to know about the proposed budget and energy:

  • A total of $27.2 billion in discretionary funds for the DOE, which is a 3.2 percent increase above the 2012 level.
  • $2.3 billion for the Office of Energy Efficiency and Renewable Energy (EERE), which is a rise of 21 percent.
  • An elimination of $4 billion in fossil fuel subsidies for 2013, as well as $40 billion in fossil fuel subsidies over the next decade.
  • Maintaining and expanding funding for the Advanced Research Projects Agency-Energy program, and asking for $350 million.
  • $5 billion for basic energy research through the Office of Science.
  • $310 million for the SunShot Initiative to help get solar to grid parity by the end of the decade.
  • $95 million for wind energy, including off-shore wind technologies.
  • $65 million for geothermal energy.
  • $770 million for the Office of Nuclear Energy, which includes funding for advanced small modular reactors R&D.
  • DOE Secretary Steven Chu said on a call with reporters that some funding was being pulled from energy projects, and 35 projects “did not reach research milestones.”
  • Through the USDA, the budget calls for $6.1 billion in loans to rural electric cooperatives and utilities that will support the transition to a clean energy generation and job creation.
  • Via the USDA, $200 million for support advanced biofuels.

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