Energy Legislation Update John Cymbalsky Energy Information Administration March 22, 2005
Many Groups Competing for New Energy Legislation Alliance to Save Energy (Senator Dorgan) National Council on Energy Policy (Senator Bingaman) Various Competing Bills in Congress Presidents Clear Skies Initiative
ASE/Dorgan Study Uses mostly a mandate approach Standards in buildings and transportation sectors Tax credits in most sectors Updates to building codes DSM mandates in utility sector
NCEP/Bingaman Study (www.energycommission.org) Bipartisan approach to address oil security, climate change, natural gas supply, etc. Appliance and CAF Standards and building codes Tax incentives for production and purchases Alaska…
Clear Skies Initiative (www.epa.gov/clearskies/) Mandatory cap for SO2, NOx, and mercury emissions Cap and trade system Reduce greenhouse gas intensity by 18 percent over next ten years (AEO 2005 14 percent) Increase R&D funding
Other Congressional Bills Standards for many products, including stand-by electricity Many tax incentives to producers and consumers Other multi-pollutant reduction strategies (e.g., McCain-Lieberman)