Economic Stimulus

Yesterday, from the White House, Vice President Biden released a new report, “The Recovery Act: Transforming the American Economy through Innovation,” which outlines how the administration’s $100 billion investment in innovation has been, for the most part, money well spent. In his remarks, Biden highlighted four key areas where stimulus money was working:

•Modernizing transportation

•Jumpstarting the renewable energy sector

•Investing in groundbreaking medical research

•Building a platform that will enhance the private sector’s

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The Japanese government has a long history of promoting new energy sources – from supporting research and development, to creating programs that drive adoption. Early last year, the Japanese government unveiled its action plan for achieving a low-carbon society: with its largest-ever economic stimulus program – dedicating $55 billion over the next 5 years. The plan, which includes a huge boost for solar photovoltaic (PV) systems, is aimed at making Japan a global leader in the development and implementation of core clean energy technologies like solar energy and electric cars.

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