A Glimpse at the New Administration’s Energy and Environmental Policies January 26, 2009.

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Presentation transcript:

A Glimpse at the New Administration’s Energy and Environmental Policies January 26, 2009

New Administration Energy / Environmental Initiatives New Administration Energy / Environmental Initiatives Stimulus Package Comprehensive energy legislation Climate legislation

A Snapshot of Obama’s New 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 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 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 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 Drive Transportation Electric Transportation Grant Program: $200 M Advanced Battery Loans and Grants: $2 B

House Committee Economic Stimulus 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 for 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 Energy / Environmental Views Climate Change EnergyEfficiency Energy Efficiency Smart Grid Renewable Portfolio Standards 25% by 2025 Overhaul of Federal Efficiency Codes Increased Government Support 80% reduction by 2050

View From Top – Pres. Obama’s 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 2025 RPS Nationwide States with a 25% RPS

AABE 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