US President Donald Trump has proposed the largest budget allocation for offshore renewable energy in the US to-date.
$26.5 million of the Bureau of Ocean Energy Management (BOEM)’s $188.8 million Fiscal Year (FY) 2021 budget has been set aside for safe management of offshore energy and mineral resources.
The increased allocation is a significant increase to the $21.3 million in FY 2020, which was part of an overall budget of $193.4 million for the agency.
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A statement released by BOEM reads “In recognition of the role renewable energy can play in securing US energy independence and supporting economic growth, BOEM continues to advance renewable energy through its leasing programme and streamlining its permitting and National Environmental Policy Act processes.
“In addition, the proposed budget increases BOEM’s capacity to undertake research activities and foster stakeholder engagement. “
“President Trump’s 2021 budget request for the Department is about investing in our people and public lands and waters,” said Secretary of the Interior David Bernhardt.
“He is committed to the mission of conservation and creating more public access for Americans to fully enjoy our national treasures and landscapes. This budget is a critical step in the right direction and provides a path to restore commonsense in our budgeting process.”