The Trump administration’s fiscal yr 2019 finances request launched February 12 asks for extra money to help fossil fuel-based energy programs, however seeks funding beneath present ranges for different power initiatives, together with renewable power and power effectivity.
The power funding is a part of a $four.four trillion finances that options massive will increase in army spending, together with deep cuts to a number of home packages and entitlements, together with Medicare, Medicaid, meals stamps, and Social Security incapacity funds. Analysts instantly mentioned it has little likelihood of being enacted by Congress as written, partially due to fears of what the proposal would add to the federal deficit over the subsequent decade. A New York Times evaluation mentioned the proposed finances would add $984 billion to the federal deficit subsequent yr, and add about $7 trillion to the federal deficit over the subsequent 10 years.
The proposal, Trump’s second since taking workplace in January 2017, is analogous in some ways to his administration’s proposed 2018 fiscal yr finances, which was rejected by Congress. Current funding ranges had been set two years in the past by the Obama administration’s closing finances for fiscal yr 2017. The federal authorities’s fiscal yr 2019 will start on October 1 of this yr, and conclude on September 30, 2019.
The new finances proposal requests a complete of $30.6 billion for the U.S. Department of Energy (DOE), about half of which is designated for the National Nuclear Security Administration (NNSA), the company “liable for enhancing nationwide safety by the army software of nuclear science,” based on its web site.
According to a reality sheet from the DOE, the finances asks for $502 million for fossil power analysis and improvement (R&D), $81 million greater than the present stage within the beforehand enacted finances from 2017. The DOE mentioned the cash would help “cutting-edge, early stage R&D to enhance the reliability and effectivity of superior fossil-based energy programs.” That consists of carbon seize and sequestration tasks, which have bipartisan help in Congress.
The finances additionally requests $757 million to help nuclear power, although that’s $259 million beneath present funding ranges. The cash would help “early stage R&D, prioritizing help for superior manufacturing strategies, instrumentation and reactor applied sciences,” and consists of $54 million for superior small modular reactor R&D.
The finances notes a $1.three billion lower in funding ranges for renewable power and power effectivity measures, a 65% drop from the earlier finances however lower than the 72% lower that renewable power advocates feared when paperwork associated to the finances leaked out two weeks in the past.
“The President’s finances request helps the Department’s efforts to boost at this time’s power safety whereas additionally making strategic investments for tomorrow,” mentioned Energy Secretary Rick Perry in an announcement. “This proposal will empower DOE to realize our missions effectively and successfully whereas being respectful to the American taxpayer.
“In order to satisfy the President’s long-term aim of power dominance we’re prioritizing the acceleration of transformative early-stage analysis and improvement, counting on our world-class National Labs. This will advance every thing from new clear power applied sciences to Supercomputing. The finances additionally bolsters DOE’s nationwide safety obligations in Nuclear Security and Cybersecurity by calling for elevated funding to modernize our nuclear safety enterprise and strengthen the cybersecurity of our power infrastructure. These two areas are vital to America’s long-term nationwide safety.”
The finances request additionally earmarks $120 million for the Yucca Mountain nuclear waste storage program, together with an Interim Storage Program. The administration has mentioned it needs to restart the Nuclear Regulatory Commission’s…