American Recovery

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American Recovery Reinvestment Act (Recovery
Act) Dan Beckley Office of Energy Efficiency
Renewable Energy U.S. Department of
Energy Tennessee Green Building Summit September
22, 2009
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National Challenges

• Economic Recession
• Job Losses
• National Security
• Climate Change

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The American Recovery and Reinvestment Act

• Goals of the Recovery Act
• Stimulate economic recovery and create/save more
  than 3.5 million jobs in three years
• Puts U.S on path to greater prosperity and
  resilience in 21st Century
• Assist those most impacted by recession
• Provide investments to increase economic
  efficiency via technological advances in science
  and health
• Invest in transportation, environmental
  protection, and infrastructure to provide
  long-term economic benefits

Signed into law by President Obama on Feb. 17,
2009
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A Strategic Investment in the Future

• Congress approved 787B total funding
• Funding applies FY2009-FY2012
• Spending allocations shift from health field to
  other long-term economic growth opportunities in
  transportation, energy, and community development
  by 2012

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Recovery Act Targets Long-Term Energy Challenges

• Makes major investment in nations energy
  security
• Will transform the way nation uses energy by
• Reducing dependence on fossil fuels
• increasing energy efficiency
• decreasing carbon emissions
• Creates millions of jobs while creating
  innovative energy technologies and new
  infrastructures

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Obama Administrations Energy Targets

• Ensure 10 of electricity from renewable sources
  by 2012 and 25 by 2025
• Achieve 80 reduction in greenhouse gases by 2050
• Promote energy efficiency in transportation,
  electricity, industrial, and building sectors

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Secretary Chus Objectives for Recovery Act
Funds

• Getting good projects underway quickly
• Ensuring projects have lasting value
• Delivering an unprecedented degree of
  transparency
• Making a significant down payment on the nations
  energy and environmental future

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DOE Recovery Act Funding
Department of Energy Program Office Recovery Act( Millions)
Office of Energy Efficiency Renewable Energy (EERE) 16,800
Office of Science (SC) 2,000
Office of Electricity Delivery and Energy Reliability (OE) 4,500
Office of Fossil Energy (FE) 3,400
Office of Environmental Management (EM) 6,000
DOE TOTAL (Excluding Loans) 32,700
Office of the Chief Financial Officer - Technology Loan Guarantee 6,000
Power Marketing Administrations - Borrowing Authority 6,500
DOE TOTAL (Including Loans) 45,200
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EERE Funding
Amounts are in billion US Dollars
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Why DOE Should Invest in Buildings

• Buildings account for approx. 40 of U.S. energy
  consumption, of which 72 is electricity use
• Costs Americans 370B each year on utility bills
• Emits more CO2 than any other sector, inc.
  transportation sector

Source Buildings Energy Data Book, September 2007
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Bringing Private Capital to State Local
Governments ?ESCOs

• ESCOs need to invest 35-70B to capture remaining
  energy efficiency savings potential

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States Use of Recovery Act Funds
Total 3.06 Billion
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Accountability Transparency Tracking DOEs
Progress on Recovery Act Funding

• Transparency and accountability is taken
  seriously
• DOE closely monitors Recovery Act-funded projects
  and reports on progress including
• Weekly report on spending and major actions
  www.energy.gov/recovery
• Hotline to answer questions related to Recovery
  Act 1-888-DOE-RCVY
• Internal monitoring systems and reporting
  requirements

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DOE Recovery Act Resources

• General DOE Recovery Act Funding
• www.energy.gov/recovery
• EERE Recovery Act Activities http//www.eere.ener
  gy.gov/recovery/
• Weatherization and Intergovernmental Program
  http//www.eere.energy.gov/wip/
• DOE Recovery Act Hotline
• 1-888-DOE-RCVY (1-888-363-7289)