1/11 Thread on climate innovation in #AmericanJobsPlan – 1st and foremost: IT’S HUGE. Remember that total federal R&D spending is abt $150B per year of which half is DOD & only about $8B goes to energy @MattHourihan @kellysgallagher whitehouse.gov/briefing-room/…
2/ New solutions for hard-to-abate sectors: $35B specifically for this purpose w/explicit goal of positioning US as global leader, which we aren’t now itif.org/publications/2…
3/11 My particular favorite within this frame: $15B demo program across a wide range of tech areas – storage, CCS, H2, floating wind, etc. @JaneAFlegal @cleanaircatf @AddisonKStark @CarbonWrangler itif.org/publications/2…
4/11 Beyond that: a share of $50B for new NSF tech directorate and perhaps as well $30B for other R&D and innovation including in rural areas AND of the $40B for research infrastructure AND $20B for regional innovation hubs @RobAtkinsonITIF @MarkMuro1 itif.org/publications/2…
5/11 Overall: a big push component ca $150B growth over 10 years that could be/should be consistent with @vsiv @colin_cunliff @CarbonWrangler @dsandalow itif.org/publications/2…
6/11 But that’s not all, folks – there’s an absolutely critical demand-pull component as well! itif.org/publications/2…
7/11 $174B for EVs incl market development w tax incentives, electrification of fed fleet incl USPS, transit & school bus purchasing, charging infrastructure and supply chain development. We are way behind in this sector but the race has a long way to run itif.org/publications/2…
8/11 In the power sector: HVDC buildout, 10 year ITC for generation and storage, federal procurement, EECES (yes – almost a throwaway in the middle of the plan) – need to make sure this provides adequate focus on new and emerging tech! @JesseJenkins carbonfreetech.org/Pages/default.…
9/11 More demo projects on the demand side: 15 industrial H2 utilization projs w H2 PTC, for industrial CCS projs AND expanded, reformed & direct pay 45Q @CCSTechFacts @_Lee_Beck itif.org/publications/2…
10/11 also for mfg: $52B for capital access and supply chain modernization, $31B to help small biz w credit, VC & R&D, 4x MEP – again, clean energy will get a chunk of this because it’s such a big opportunity
11/end Do I seem breathless? That’s because I am! Hats off to @POTUS & everyone @WhiteHouse @ENERGY & elsewhere who got #americanjobsplan out the door so quickly! Now the rest of us have to go to work! @drvolts @bradplumer @yayitsrob @lesleyclark itif.org/publications/2…
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