The primary sponsor of the New Apollo Energy Act, Rep. Jay Inslee, D-Wash., says there is a role for hydropower and new ocean technologies in the “clean energy economy” he is promoting to combat global warming.
Meeting with hydro industry leaders Jan. 24, Inslee encouraged adoption of government incentives for energy sources that produce few or no carbon emissions. The congressman reiterated his support for long-term extension of production tax credits and Clean Renewable Energy Bonds for developers of renewable energy projects, including hydropower. (HNN 1/31/08)
Inslee said he also seeks to broaden the renewables incentives to include new waterpower technologies involving ocean wave, tidal, and hydrokinetic projects. He also calls for energy research and development funds to study those energy sources and their potential environmental effects.
The proposed New Apollo Energy Act promotes the Apollo Alliance, a movement to invest $313 billion over ten years in alternative technologies to reduce U.S. reliance on oil and to slash carbon emissions while creating a clean energy economy in the United States.
The Apollo Alliance, named for the Apollo space program and its resulting technology boom, suggests the new program would boost gross domestic product by more than $1.3 trillion, create more than 3.3 million jobs, and result in nearly $1 trillion in new personal income.
Inslee and Bracken Hendricks, executive director of the Apollo Alliance, recently completed a book on their effort, “Apollo’s Fire: Igniting America’s Clean Energy Economy.” The book outlines Inslee’s views on the economic, energy, and global warming strategies needed to stimulate clean-technology-based economic growth.