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A Glimpse at the New Administration’s Energy and Environmental Policies

A Glimpse at the New Administration’s Energy and Environmental Policies. January 26, 2009. New Administration Energy / Environmental Initiatives. Stimulus Package Comprehensive energy legislation Climate legislation. A Snapshot of Obama’s New Administration. White House

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A Glimpse at the New Administration’s Energy and Environmental Policies

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

  2. New AdministrationEnergy / Environmental Initiatives • Stimulus Package • Comprehensive energy legislation • Climate legislation

  3. 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

  4. 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

  5. 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

  6. 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

  7. House Committee Stimulus for Electric Drive Transportation • Electric Transportation Grant Program: $200 M • Advanced Battery Loans and Grants: $2 B

  8. 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

  9. 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

  10. President Obama’s Energy / Environmental Views Renewable Portfolio Standards Climate Change 25% by 2025 80% reduction by 2050 Smart Grid EnergyEfficiency Increased Government Support Overhaul of Federal Efficiency Codes

  11. 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)

  12. Pres. Obama – 25% by 2025RPS Nationwide States with a 25% RPS

  13. 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

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