U.S. Deputy Secretary of Energy Daniel Poneman on April 10, detailed President Barack Obama’s $28.4 billion Fiscal Year 2014 budget request for the Energy Department. Poneman emphasized the President’s continued commitment to an all-of-the-above energy strategy that prioritizes investments in innovation, clean energy technologies, and national security. The Department’s budget request is part of the administration-wide effort to strengthen the American economy with energy that is cleaner, cheaper and creates sustainable jobs. The FY 2014 budget request represents tough choices aimed at focusing taxpayer resources on areas that will yield the greatest benefit over time.
“The United States faces one of the greatest challenges ahead, the opportunity to lead the global clean energy race. We must continue to out-innovate, out-educate and out-build the rest of the world to meet this challenge,” said Deputy Secretary Poneman. “This budget reflects strong commitments to fiscal responsibility and shared sacrifice, while embracing the President’s all-of-the-above energy strategy which expands both oil and gas production and investments in new clean energy technologies, while advancing our national security.” Specifically, the President’s FY 2014 budget request for the Department of Energy:
• Invests in innovative research to lead in research, development, deployment, and production of clean energy technologies;
• Establishes a new goal of doubling American energy productivity by 2030;
• Calls for Congress to establish an $2 billion Energy Security Trust;
• Creates a new Race to the Top for Energy Efficiency and Grid Modernization;
• Helps consumers and businesses save money and improve their energy efficiency through the President’s Better Buildings Initiative;
• Supports groundbreaking basic science research and innovation to solve our energy challenges and ensure the U.S. remains at the forefront of science and technology