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The energy policy and conservation act of 1975. By Eugene McKee. Main provisions of the act. Directing the creation of the strategic oil reserves Mandating vehicle fuel economy standards Extending the price controls on oil until 1979
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The energy policy and conservation act of 1975 By Eugene McKee
Main provisions of the act • Directing the creation of the strategic oil reserves • Mandating vehicle fuel economy standards • Extending the price controls on oil until 1979 • The goal was to increase national energy efficiency in order to conserve energy resources and keep the cost of energy down.
Authorization of the act • The energy policy and conservation act was authorized in 1975 by 94th Congress and signed by president Gerald Ford • It was amended in 1988 with the alternative fuels act to put an emphasis on developing alternative forms of energy such as hydrogen, nuclear, bio fuels, and solar.
Enforcement • The U.S Department of Energy, and EPA enforce the energy policy act and also provide funding for it. • The Department of Energy, and the EPA have programs such as energy star, which promote energy efficiency and conservation in people’s everyday living. • The department of energy has the State Energy Program, which enforces and helps fund energy policy in the individual states.
Funding • The provisions of the energy policy act are funded by income taxes, grants from private corporations, and government bonds • The act provides funding for energy efficiency incentives, the maintenance of the strategic petroleum reserves, and the development of alternative energies
Reason for Creation • The act was created when congress realized that the economy was vulnerable to foreign energy providers, after the rise in the cost of energy that occurred in the early 1970’s. • The act is beneficial because it helps protect against spikes in the cost of energy, and reduces pollution as a result of greater efficiency.
Sources cited Eoearth.org @ http://www.eoearth.org/article/Energy_Policy_and_Conservation_Act_of_1975,_United_States Earthscape.org @ http://www.earthscape.org/p1/ES15243/EPCA_ToC.html Department of Energy @ http://www.energy.gov/ Energy Star @ http://www.energystar.gov/ Wikipedia @ http://en.wikipedia.org/wiki/Energy_Policy_and_Conservation_Act