Beset by growing deficits, a sluggish economy, and Administration priorities that shift funds in other directions, federal funding for energy efficiency has slipped in recent years. From a high of $896 million in Fiscal Year 2002, funding fell to $887 million in FY 2003, and the budget request for FY 2004 is $866 million. The House voted $894 million for 2004, and the Senate is expected to approve $862 million, so the final number is likely to be between those figures. The good news is that the Administration has abandoned the major cuts it attempted in the FY 2002 budget; the bad news is that the numbers are moving in the opposite direction from the doubling of energy efficiency RD&D recommended by the President's Council of Advisors on Science and Technology. DOE efficiency RD&D returns more than four dollars in benefits for every federal dollar invested, and is essential to providing the technologies that will transform tomorrow's energy markets.
For ACEEE's summary table on the FY 2004 budget, visit http://www.aceee.org/energy/fy04doeapprop.pdf.