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A Glimpse at the New A Glimpse at the New Administration’s Energy and Administration’s Energy and
Environmental PoliciesEnvironmental Policies
January 26, 2009
New AdministrationNew AdministrationEnergy / Environmental InitiativesEnergy / Environmental Initiatives
Stimulus Package
Comprehensive energy legislation
Climate legislation
A Snapshot of Obama’s A Snapshot of Obama’s New AdministrationNew Administration
White House Assistant for Energy and Climate Change - Carol Browner Council on Environmental Quality - Nancy Sutley
Cabinet Sec. of Energy – Dr. Steven Chu Administrator of Environmental Protection Agency – Lisa Jackson Sec. of Interior – Ken Salazar Sec. of Agriculture – Tom Vilsack Sec. of Homeland Security – Janet Napolitano Administrator of Small Business Administration – Karen Mills
Agencies Federal Energy Regulatory Commission – Acting Chair John Wellinghoff Nuclear Regulatory Commission - ? Securities and Exchange Commission – Mary Schapiro
A Snapshot of Obama’s Stimulus PlanA Snapshot of Obama’s Stimulus Plan Immediate action to create good jobs in America
Partner with America’s automakers to help save jobs and ensure that the next generation of clean vehicles is built in the USA
A rapid, aggressive response to the financial crisis – using all the tools we have Fight for fair trade Invest in a clean energy economy and create 5 million new green jobs Create new job training programs for clean technologies Boost the renewable energy sector and create new jobs Invest in the sciences Create a national network of public-private business incubators
A Snapshot of Obama’s Stimulus PlanA Snapshot of Obama’s Stimulus Plan Immediate relief for struggling families
Funds to counteract high heating costs this winter – supplement LIHEAP
Direct, immediate assistance for homeowners, not a bailout for irresponsible mortgage lenders
Electricity sector Energy efficiency Smart Grid Transmission Electric Drive Transportation
House Committee Stimulus House Committee Stimulus for Efficiency ($31 B)for Efficiency ($31 B)
GSA Federal Buildings: $6.7 B – renovations, EE, conservation Local Government Energy Efficiency Block Grants: $6.9 B Energy Efficiency Housing Retrofits: $2.5 B Energy Efficiency and Renewable Energy Research: $2 B Energy Efficiency Grants and Loans for Institutions: $1.5 B Low Income Home Weatherization: $6.2 B Industrial Energy Efficiency: $500 M Smart Appliance Rebates: $300 M - Energy Star Extension of Tax Credits for Improvements to EE on existing
homes: $4.28 B Others
EE for Schools, Veterans Medical Facilities, Homeowners, Job training
House Committee Stimulus for Electric House Committee Stimulus for Electric Drive Transportation Drive Transportation
Electric Transportation Grant Program: $200 M
Advanced Battery Loans and Grants: $2 B
House Committee Economic Stimulus House Committee Economic Stimulus for Electric Grid ($11 B)for Electric Grid ($11 B)
Reliable, Efficient Electricity Grid: ($11 B) Research and development Smart Grid ($4.5B)
Pilot projects Federal matching funds for the Smart Grid Investment Program to
modernize the electricity grid making it more efficient, secure, and reliable
Transmission New power lines to transmit clean, renewable energy from sources
throughout the nation
House Committee Economic Stimulus House Committee Economic Stimulus for Climate and Renewablesfor Climate and Renewables
Cleaning Fossil Energy: $2.4 B CCS demos Department of Defense Research: $350 M renewable energy to
power weapons systems and military bases Renewable Energy Loan Guarantees: $8 B Gen. & Trans. Projects 3 Year Production Tax Credit Extension (PTC): $13.14 B Removal of limitation on Investment Tax Credit: $870 M Additional Qualifying Energy Conservation Bonds: $800 M Additional Clean Renewable Energy Bonds (CREBs): $580 M Temporary permission to claim ITC instead of PTC: $220 M Tax Credits for Installation of Alternative Fuel Pumps $ 50 M Increased R&D credit: $20 M
President Obama’s President Obama’s Energy / Environmental ViewsEnergy / Environmental Views
Climate ChangeClimate Change
EnergyEnergy Efficiency Efficiency Smart GridSmart Grid
Renewable Portfolio Renewable Portfolio StandardsStandards
25% by 2025
Overhaul of Federal Efficiency Codes
Increased Government Support
80% reduction by 2050
View From Top – Pres. Obama’sView From Top – Pres. Obama’s Climate Change Positions Climate Change Positions
Goal – Reduce carbon emission 80% below 1990 level by 2050
Mechanism – Cap-and-trade program
Coverage – Economy-wide approach
Implementation Auction all allowances Use interim targets to stay on course Proceeds support
Develop and deploy clean energy Energy efficiency and transition assistance Job training - develop a clean energy workforce and energy-focus
Green Jobs Corp (5 million new jobs projected)
Pres. Obama – 25% by 2025Pres. Obama – 25% by 2025RPS NationwideRPS Nationwide
States with a 25% RPS
AABE Action PlanAABE Action Plan
Create CEO / President Advisory Council
Summits Key new administration leaders Other energy organizations
Develop new coalitions
Sustained outreach and input to new administration