Obama Directs Feds to Double Renewables by 2020

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

The White House issued a press release today saying that President Obama had signed a Memorandum directing the federal government to more than double its use of renewable power by 2020. This is the latest step that the President has taken under the Climate Action Plan that he announced in June.

Today's Memorandum instructs the federal government to derive 20% of its electricity from renewable sources by 2020, which would constitute a doubling of current levels. The White House explains various mechanisms by which agencies will achieve this goal. Agencies will repurpose formerly contaminated land for use in developing renewable energy projects. Agencies are also required to use the industry-developed Green Button tool, which provides energy usage information to utility customers.

In connection with the overall Climate Action Plan, federal agencies also released their fourth annual sustainability plans, available to the public at These plans provide detailed information regarding individual agencies' efforts to meet the President's goals, including their progress toward specific targets.

According to the White House press release, some elements of the administration's climate initiative directly affect private industry.

  • Federal agencies directed $2.3 billion over the past two years toward performance-based contracts for energy-efficiency upgrades, and will expand that initiative through 2016.
  • On Tuesday, the Department of Energy and Environmental Protection Guide released their 2014 Fuel Economy Guide, providing consumers with detailed information on the fuel efficiency of cars for sale in U.S. markets.
  • The Department of Agriculture on Wednesday launched a program to finance energy efficiency and renewable energy upgrades for rural residents and businesses. 

The best investment for 2014
The market stormed out to huge gains across 2013, leaving investors on the sidelines burned. However, opportunistic investors can still find huge winners. The Motley Fool's chief investment officer has just hand-picked one such opportunity in our new report: "The Motley Fool's Top Stock for 2014." To find out which stock it is and read our in-depth report, simply click here. It's free!

Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2754442, ~/Articles/ArticleHandler.aspx, 9/26/2016 1:59:22 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,098.80 -162.65 -0.89%
S&P 500 2,147.02 -17.67 -0.82%
NASD 5,255.43 -50.32 -0.95%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes