Biden Administration 2023 Federal Budget Includes Increase of $9B for Clean Power Projects

How Big Can Renewable Energy Get in the Next 10 Years?

WASHINGTON DC, March 29, 2022 – The American Clean Power Association (ACP) applauds the Biden administration’s proposed federal budget for the 2023 fiscal year, released Monday, which recommends an additional $9 billion in funding for clean power projects and the energy grid – a 33% increase over the 2022 fiscal year – in order to accelerate the transition toward a clean energy future. ACP’s CEO Heather Zichal issued the following statement:

“We are pleased that the Biden administration’s proposed budget invests in America’s domestic energy security while – at the same time – focusing on reaching our country’s emissions goals. Increased investment in clean energy, as indicated in the proposed budget, will create hundreds of thousands of American jobs over the next decade and will bring more reliable and resilient clean energy to millions of Americans. This budget is also a step in the right direction toward building out our US clean energy manufacturing capacity, another plus for the economy and the environment.”