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MegaWatts on Main Street A Carbon Finance Speaker Series at Yale Presenting Steven Nadel in

MegaWatts on Main Street A Carbon Finance Speaker Series at Yale Presenting Steven Nadel in “Advancing Energy Efficiency in the U.S.: A Look at State and Federal Policies and Best Practices” Brought to you by the Center for Business and the Environment at Yale

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MegaWatts on Main Street A Carbon Finance Speaker Series at Yale Presenting Steven Nadel in

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  1. MegaWatts on Main Street A Carbon Finance Speaker Series at Yale Presenting Steven Nadel in “Advancing Energy Efficiency in the U.S.: A Look at State and Federal Policies and Best Practices” Brought to you by the Center for Business and the Environment at Yale through the generous support of the Emily Hall Tremaine Foundation

  2. Energy Efficiency Policy Prospects in 2010 at the Federal and State Levels Steven Nadel Exec. Director, ACEEE February 2010

  3. Energy Efficiency: the 1st Fuel Average Utility Cost of New Electric Resources Source: UCS 2009 except (a) ACEEE 2009

  4. The Federal Energy Trifecta Stimulus bill – passed Feb. 2009 Jobs bill – pending, ~Feb. 2010? Energy and climate bill(s) – pending

  5. Stimulus Bill • Total stimulus package $787 billion • Focus on spending/stimulus in 2009-2011, not long-term • About $30 billion energy-efficiency related

  6. Major Stimulus Bill EE-Related Items $5 billion for low-income weatherization $3.1 billion for State Energy Program + $300 million for appliance rebates $3.2 billion for EE&C Block Grants to municipalities $8.8 billion for efficient federal buildings and vehicles ~$2 billion for residential retrofit tax credit ~$1 billion low/moderate income housing targeting EE $4.5 billion for Smart Grid $2.5 billion for DOE EERE research, $2 billion advanced batteries, $400 million ARPA-E $2.3 billion for tax credits for investments to produce EE and clean energy products $17.7 billion for public transportation $500 million for job training

  7. Stimulus Program Status Low-income weatherization and State programs approved Half the funds transferred to states Weatherization programs ramping up State programs moving slowly due to need for federal decisions on prevailing wages, Buy American, NEPA, and historic preservation Smart Grid awards mostly made Municipal program applications mostly reviewed and approved; some funds flowing but moving slowly due to contracting issues and issues discussed above for states

  8. Jobs Bill Proposed new legislation to address high unemployment Initial bill passed House in December; Senate now working on Hope is to enact in February Likely will use some available TARP funds, probably indirectly Efficiency likely to play a role

  9. Potential Efficiency Provisions in a Jobs Bill • Home Star / “Cash for Caulkers” • Additional funds for oversubscribed ARRA programs: • Advanced Energy Investment Credits for manufacturers (mostly renewable energy) • Public housing improvements • Industrial grants and Manufacturing Extension Parntership • Enhanced or new tax incentives • Increase commercial building tax deduction • New programs for chillers, advanced motors, insulation • “Building Star” program – prescriptive rebates

  10. Home Star / Cash for Caulkers • 2010 focused • “Gold Star” performance based – • Savings of at least 20%, plus additional incentives for higher savings • Based on Home Performance with Energy Star • “Silver Star” prescriptive based – • Fixed incentives for specific measures • Air and duct sealing • Attic, wall and crawl space insulation • Replacement windows, heating & cooling systems, appliances • Need to meet specified efficiency criteria • Quality control component

  11. Federal Energy and Climate Legislation Status • House passed combined energy and climate change bill (ACES) • Senate Energy reported out energy-only bill (ACELA) • Senate EPW reported out a cap and trade bill • These bills will be eventually combined, along with other provisions, into a more comprehensive bill • Might be floor debate in roughly March • Is there 60 votes? Combine with nuclear, clean coal and offshore oil/gas?

  12. Efficiency Elements in House and Senate Energy Bills • Energy efficiency resource standards • Appliance and equipment standards • Improved building codes • Residential and commercial retrofits • Building labeling • Appliance incentives (House only so far) • Industrial & building job training & TA – IAC, BTAC • Programs for industry (Senate only so far) • Demand response (House only so far) • Energy Star (Senate only so far)

  13. Energy Efficiency Resource Standards Analogous to a Renewable Portfolio Standard Electric and/or gas savings targets for utilities Includes end-use efficiency and sometimes combined heat & power (CHP) and codes/standards Targets generally start low and increase over time Savings must be documented in accordance with evaluation rules established by regulators

  14. 22 States –December 2009 Energy Efficiency Resource Standards Standard Voluntary Goal Pending Standard or Goal Combined RES/EERS

  15. Savings Grow Over Time Note: Savings count from date of passage

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