Government stimulus spending has put the country on track to double renewable energy production capacity by 2012 and halve solar power costs by 2015, Vice President Joseph Biden said on Tuesday.
President Barack Obama’s stimulus spending poured $814 billion into the U.S. economy, including more than $100 billion for science, technology and innovation projects.
“The government plants the seeds. The private sector nourishes and makes it grow,” Biden said. “And in the process, if we’re as innovative as we’ve been in the past, we launch entire new industries.”
(READ the Reuters report via Newsdaily)