Obama seeks to double funding for clean energy

US President Barack Obama plans to double funding for clean energy research and development by 2020. In his Weekly Address he said the proposal, which aims to tackle climate change, will […]

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By Jacqueline Echevarria

US President Barack Obama plans to double funding for clean energy research and development by 2020.

In his Weekly Address he said the proposal, which aims to tackle climate change, will be presented to the Congress on Tuesday.

If the Republicans approve it, the budget would be more than $12 billion (£8bn).

Mr Obama added: “This would include new investments to help the private sector to create more jobs faster, lower the costs of clean energy faster and help clean renewable power out compete dirty fuels in every state.

“While Republicans in Congress are still considering their position on climate change, many of them realised that clean energy is an incredible source of good paid jobs for their constituents. That’s why we were able to boost clean energy research and development in last year’s budget agreement. And I hope they support my plan on doubling that kind of investment.”