The U.S. federal government will spend just over $150 billion on clean technology over the 2009-2014 period, a more than three-fold increase from the 2002-2008 period, according to a new study by the Brookings Institute, a nonprofit public policy organization. The study also estimates that these investments will leverage an overall cumulative public and private sector investment of $327 billion to $622 billion in U.S. clean tech segments during the 2009 to 2014 period.
However, according to the report, investment in clean technology is projected to decrease rapidly due to a lack of Congressional support. Including programs funded by the American Recovery and Reinvestment Act of 2009, annual federal clean tech spending is expected decline to $11 billion by 2014, a 75 percent decline when compared to the high of $44.3 billion reached in 2009.
The report also projects that by the end of 2014, 70 percent of all federal clean energy policies in place in 2009 will have expired.
To read the entire report, click here. (PDF)
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