The American Council on Renewable Energy (ACORE) recently issued a statement regarding the Fiscal Year 2024 House Energy and Water Spending Bill. The bill, which was passed by the House Appropriations Committee, includes funding for various energy and water-related programs and initiatives.
ACORE praised the bill for its support of renewable energy and climate action. The organization specifically highlighted the bill’s funding for the Department of Energy’s Office of Energy Efficiency and Renewable Energy (EERE), which would receive $3.5 billion in funding under the bill. This funding would support research and development of renewable energy technologies, as well as energy efficiency programs.
ACORE also praised the bill’s funding for the Advanced Research Projects Agency-Energy (ARPA-E), which would receive $500 million in funding. ARPA-E supports research and development of advanced energy technologies, with a focus on high-risk, high-reward projects that have the potential to transform the energy landscape.
In addition to funding for renewable energy and energy efficiency programs, the bill also includes funding for water-related initiatives. ACORE praised the bill’s funding for the Bureau of Reclamation, which would receive $1.8 billion in funding. This funding would support water infrastructure projects, including the construction of new dams and reservoirs.
Overall, ACORE’s statement regarding the FY24 House Energy and Water Spending Bill highlights the importance of investing in renewable energy and climate action. The organization notes that these investments are critical for addressing the urgent challenges posed by climate change, including reducing greenhouse gas emissions and transitioning to a clean energy economy.
As the bill moves through the legislative process, it will be important for lawmakers to continue to prioritize renewable energy and climate action. By doing so, they can help ensure a more sustainable and resilient future for all Americans.
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