Gallery: The Obama Administration Proposes $8 Billion in Loans for ‘Cle...

 

By now, Inhabitat readers know that ‘clean coal‘ is a contradiction of terms. However, as part of President Obama’s new energy initiative, the U.S. Department of Energy has proposed $8 billion in loan guarantees for fossil fuel technologies to reduce the country’s greenhouse gas emissions. The proposal would fund schemes such as waste heat recovery and carbon dioxide capture, however it has unsurprisingly received criticism as it would draw focus away from green technology projects such as renewable energy and electric vehicles.

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