A Preliminary Review of the American Recovery and Reinvestment Act's Clean Energy Package

Joseph Aldy

Working Paper Series from Harvard University, John F. Kennedy School of Government

Abstract: The American Recovery and Reinvestment Act included more than $90 billion in strategic clean energy investments intended to promote job creation and promote deployment of low-carbon technologies. In terms of spending, the clean energy package has been described as the nation's "biggest energy bill in history." To provide a preliminary assessment of the Recovery Act's clean energy package, this paper reviews the rationale, design, and implementation of the act. The paper surveys the policy principles for clean energy stimulus and describes the process of crafting the clean energy package during the 2008-2009 Presidential Transition. Then, the paper reviews the initial employment, economic activity, and energy outcomes associated with these energy investments and provides a more detailed case study on the Recovery Act's support for renewable power through grants and loan guarantees. The paper concludes with lessons learned.

Date: 2011-12
New Economics Papers: this item is included in nep-ene and nep-env
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
https://research.hks.harvard.edu/publications/work ... ?PubId=8116&type=WPN

Related works:
Working Paper: A Preliminary Review of the American Recovery and Reinvestment Act’s Clean Energy Package (2012)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ecl:harjfk:rwp11-048

Access Statistics for this paper

More papers in Working Paper Series from Harvard University, John F. Kennedy School of Government Contact information at EDIRC.
Bibliographic data for series maintained by ().