Vitality Secretary confirms her division has greater than $ 40 billion in funds for the clear power transition
Energy Secretary Jennifer Granholm, confirmed by the Senate just last week, has confirmed that her department has more than $ 40 billion to help drive the transition to clean energy sources thanks to her reactivated loan program. Although Granholm did not provide a timetable for the issuing of these loans, the news marks an important step for the United States as it continues to move away from fossil fuels and address the climate crisis.
"I'm ready to whip these engines back into shape so we can drive the next generation of innovation and deployments," Granholm said at the CERAWeek conference held practically this year following the Covid-19 pandemic.
During the conference, Granholm said that clean energy finance expert Jigar Shah, who advocated decarbonization, was Co-founder and President of Generate Capital, would support the transition.
"It will help us put together an indomitable portfolio of investments for American taxpayers that will help us fight climate change and create jobs," she said. "We are ready to invest in advanced vehicles, carbon capture, advanced reactors and much more."
Granholm also appeared on ABC's The View where she spoke at length on how transitioning to and supporting clean energy alternatives will create jobs and boost the economy.
"The result of clean energy and jobs is so exciting," she said. "That's why I'm so honored to be a part of it, because the mission here is to use clean energy and create jobs across the country, all kinds of jobs, all kinds of people."
You can hear Granholm in the video below.
Alan is a New York-based writer, editor, and news junkie.