Under the newly proposed budget for the fiscal year 2019, Trump wants to offer the Department of Energy $30.6 billion.

Which technically is an increase from $30.1 billion in fiscal 2017.

But here’s the catch, the DOE’s renewable energy office would be cut more than 65 percent, from a budget of roughly $2 billion to $696 million.

Reports suggest that this White House’s $4.4 trillion budget that slashes clean energy programs, would increase the deficit by more than $7 trillion over time.

Editorial Team
The Editorial Team comprises a diverse and talented team of writers, researchers and subject matter experts equipped with data and insights to deliver useful news updates. We are experts with the mission to inform, educate and inspire the industry. We are passionately curious, enthusiastic, and motivated to positively impact the world. Send us a tip via hello @ pvbuzz [dot] com.

Tesla to triple battery deployments this year

Previous article

Energy taxes in developed economies too low to fight climate change

Next article

You may also like

Comments

Comments are closed.

More in News Watch