National Outlook for Comprehensive Energy Reform and Climate Change

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "National Outlook for Comprehensive Energy Reform and Climate Change"

Transcription

1 National Outlook for Comprehensive Energy Reform and Climate Change Andrew Wheeler Senior Vice President Energy and Climate Change Team

2 B&D Consulting Andrew Wheeler is a Senior Vice President in the Energy & Climate Change practice group at B&D Consulting. B&D Consulting is a national advisory and advocacy firm headquartered in Washington, D.C. Strategic focus on energy, climate-change and public sector policy Expertise in government affairs, strategic communications and public policy development 15 consultants in D.C. dedicated to energy, climate change and public works issues B&D Consulting is a division of Baker & Daniels, LLP, with offices in Indiana, Chicago, Brazil and China Broad reach within the Firm for legal services

3 House Energy & Climate Change Bill The American Clean Energy and Security Act of 2009 (ACES) was passed out of the House with 8 Republican votes and 44 Democrat dissenters on June 26, Renewable Electricity Standard Clean Energy Investments and Loan Guarantee Reform By 2025, the bill would direct an estimated total of $190 billion to energy technologies and efficiency measures: $90 billion to energy-efficiency and renewable-energy technologies $60 billion to carbon-capture-and-sequestration technology $20 billion to electric vehicles and other advanced automotive technologies $20 billion for basic scientific research and development Modernizing the Grid Energy Efficiency Standards Consumer Protection Provisions

4 Climate Change Provisions of Allowances Waxman-Markey Electric Utilities: They receive percent of the emission allowances in 2012 and The free allowances fall to percent in 2014 and 2015, and 35 percent from 2016 through Beginning in 2026, the freely distributed allowances fall by 7 percent per year, until they reach zero by Energy Sectors: The natural gas industry receives 9 percent of the allowances beginning in 2016, until they are reduced by 1.8 percent per year beginning in The handouts reach zero in For home heating oil and propane consumers, only 1.88 percent of the allowances are given in years 2012 and This decreases to 1.67 percent for the next two years, and to 1.5 percent from 2016 through After this they are phased out by 0.3 percent each year. Oil refiners receive 2 percent of the allowances from 2014 through On top of this, small business refineries will receive 0.25 percent from 2014 to Energy-intensive and "trade-exposed" industries: They receive 2% the first two years, then receive 15% starting in 2014 which phases out by 2035 Clean Tech and Renewable Energy Investment: 10.05% are set aside beginning immediately in The free allowances fall to 7.05 percent for 2016 and 2017, 6.03 percent for 2018 to 2021, 1.53 percent for 2022 to 2025, rises back to 8.58 percent from 2026 to 2029, and remains at 5.03 percent thereafter. The auto industry receives 3 percent of the allowances from 2012 to 2017, and 1 percent from 2018 to 2025

5 Senate Energy Bill Energy Innovation and Workforce Development FERC Technical Language Energy Market Transparency Electricity Siting Restoring America s Manufacturing Leadership through Energy Efficiency Act Appliance Standards Improvement Act Energy and Water Integration Act Clean Renewable Energy and Economic Development Act Renewable Electricity Standard Cybersecurity The Bill has been passed out of the Energy & Natural Resources Committee and awaits companion Climate Change Legislation.

6 Senate Outlook 6 Committees of Jurisdiction: EPW, Agriculture, Finance, Energy, Commerce and Foreign Affairs Draft legislation expected soon Health care reform and appropriations first Getting to 60 votes

7 Highlights of Economic Analyses Economic analyses differ greatly due to a number of assumption factors. Estimated costs range from $175 (EPA) to over $3,100 (CRA) per household. Estimated jobs impact range from 2 million jobs created (Nancy Pelosi) to 2.4 million jobs lost (NAM). Estimated GDP impact ranges from a net loss of $100 billion (EPA) in 2030 to $571 billion (Heritage Foundation). Estimated impact on global temperatures range from slowing warming by 0.1 C (EPA) to no impact (CRS)

8 NAM/ACCF Oklahoma Impact of Waxman-Markey Legislation By 2030, Oklahoma jobs decline by 22,100 to 30,099. Oklahoma would see disposable household income reduced by $69 to $173 per year by 2020 and $490 to $883 by By 2015, gasoline would increase between 6% and 9%, electricity between 5% and 8% and natural gas between 16% and 25%. By 2030, gasoline prices increase between 20% and 26% while electricity prices increase by up to 54% and natural gas by up to 77%. Oklahoma s gross state product (GSP) will decline by between $340 and $584 million per year by 2020 and $3.6 and $4.9 billion by The current two largest sectors, machinery manufacturing and plastics manufacturing, show decreases in output of 7.1% to 8.7% and 10.8% to 11.7%, respectively in Output from energy intensive sectors falls between 11.0% and 11.8%. Oklahoma s coal production would fall between 86.4% and 87.2% and electricity production falls by 13.9% to 16.2% in Oklahoma s 2,014 schools and universities and 167 hospitals will likely experience a 20.3% to 30.6% increase in energy expenditures by 2030.

9 Economic Analysis of Offsets Estimates do not account for the costs of measures to address concerns about the credibility of offsets. Will the international offsets be available? Will the domestic offsets be allowed by EPA?

10 Oil & Gas in Waxman-Markey According to the EIA analysis, the bill will raise prices to $5.10 per gallon for gasoline and $5.60 per gallon for diesel fuel. The bill would allocate only 2.25 percent of allowances to fuel producers, but make them responsible for 44 percent of emissions. Refiners would need to cover emissions from refineries and also consumer emissions from planes, trains, autos, tractors, heating oil, and other petroleum use. The API analysis concludes that as a result of this legislation, fuel imports will double by 2030 from what they would have been. 6 million Americans depend on the oil and gas industry for jobs. The bill bars U.S. refiners from receiving domestic protections granted to other industries exposed to foreign competition. The bill establishes international competitiveness protections for energy-intensive, trade exposed industries with one exception -- petroleum refiners. According to an ICF study on a similar bill in the Senate, by 2020 the unbalanced cap and trade program reduced U.S. refining capacity by 3 million barrels a day out of a total 18 million barrels a day.

11 Copenhagen Three rounds of negotiations before Copenhagen: G20 nations will have a two-day summit in Pittsburgh, PA on September 24. There are also meetings in Bangkok from September 28 to October 9 and in Barcelona from November 2-6. UN Secretary General Ban Ki-moon has admitted that the slow pace of talks is a "matter of concern." Bill/No Bill scenarios vs. 60 votes/67 votes

12 EPA Action The EPA is preparing to regulate carbon dioxide under the Clean Air Act as a pollutant, which gives the agency the authority to regulate emissions on a source-by-source basis. Endangerment Finding GHG Reporting Rule New Source Review

Massachusetts $ Savings and Job Gains from Energy Efficiency in Buildings & Transportation

Massachusetts $ Savings and Job Gains from Energy Efficiency in Buildings & Transportation Massachusetts $ Savings and Job Gains from Energy Efficiency in Buildings & Transportation Marc Breslow, Ph.D. Director of Transportation & Buildings Policy Executive Office of Energy & Environmental Affairs

More information

Energy Projections 2006 2030 Price and Policy Considerations. Dr. Randy Hudson Oak Ridge National Laboratory

Energy Projections 2006 2030 Price and Policy Considerations. Dr. Randy Hudson Oak Ridge National Laboratory Energy Projections 2006 2030 Price and Policy Considerations Dr. Randy Hudson Oak Ridge National Laboratory There is perhaps no single current topic so potentially impacting to all life on this planet

More information

Economic Outcomes of a U.S. Carbon Tax. Executive Summary

Economic Outcomes of a U.S. Carbon Tax. Executive Summary Economic Outcomes of a U.S. Carbon Tax Executive Summary [ Overview [ During the ongoing debate on how to address our nation s fiscal challenges, some have suggested that imposing a carbon tax would improve

More information

Roadmap for moving to a competitive low carbon economy in 2050

Roadmap for moving to a competitive low carbon economy in 2050 Roadmap for moving to a competitive low carbon economy in 2050 COUNTRY CAPITAL XXX, 9 March 2011 NAME XXX DG Climate Action European Commission 1 Limiting climate change a global challenge Keeping average

More information

Energy Prices, Climate Change Policy and U.S. Economic Growth

Energy Prices, Climate Change Policy and U.S. Economic Growth Energy Prices, Climate Change Policy and U.S. Economic Growth Prepared for: Southern Growth Policies Board Annual Conference Biloxi, Mississippi June 8, 2009 By: Dr. Margo Thorning, Ph.D. Senior Vice President

More information

Economic Impacts of Potential Colorado Climate Change Initiatives: Evidence from MIT and Penn State Analyses. July 2007

Economic Impacts of Potential Colorado Climate Change Initiatives: Evidence from MIT and Penn State Analyses. July 2007 Economic Impacts of Potential Colorado Climate Change Initiatives: Evidence from MIT and Penn State Analyses July 2007 Introduction California and other western states are actively pursuing a variety of

More information

Falling Oil Prices and US Economic Activity: Implications for the Future

Falling Oil Prices and US Economic Activity: Implications for the Future Date Issue Brief # I S S U E B R I E F Falling Oil Prices and US Economic Activity: Implications for the Future Stephen P.A. Brown December 2014 Issue Brief 14-06 Resources for the Future Resources for

More information

Kilian GROSS Acting Head of Unit, A1, DG ENER European Commission

Kilian GROSS Acting Head of Unit, A1, DG ENER European Commission Kilian GROSS Acting Head of Unit, A1, DG ENER European Commission 1 Climate and energy: where do we stand? 2008/2009 2011 2014 The EU climate and energy package 2 Climate and energy: where do we stand?

More information

Outline. 1. Climate and energy: where do we stand? 2. Why a new framework for 2030? 3. How it works. 4. Main challenges. 5.

Outline. 1. Climate and energy: where do we stand? 2. Why a new framework for 2030? 3. How it works. 4. Main challenges. 5. 1 Outline 1. Climate and energy: where do we stand? 2. Why a new framework for 2030? 3. How it works 4. Main challenges 5. and benefits 6. Other key points 7. Next steps 2 1. Climate and energy: where

More information

public support for climate and energy policies in november 2011

public support for climate and energy policies in november 2011 public support for climate and energy policies in november 2011 Climate Change in the American Mind: Public Support for Climate & Energy Policies in November 2011 Interview dates: October 20, 2011 November

More information

Democratic and Republican Positions on Environmental Issues. Edward H. Klevans, Professor and Department Head Emeritus of Nuclear Engineering

Democratic and Republican Positions on Environmental Issues. Edward H. Klevans, Professor and Department Head Emeritus of Nuclear Engineering Democratic and Republican Positions on Environmental Issues Edward H. Klevans, Professor and Department Head Emeritus of Nuclear Engineering Issue: Climate Change Democratic Position The Democratic Platform

More information

Propane Sources. Prepared For The: ICF International. Michael Sloan

Propane Sources. Prepared For The: ICF International. Michael Sloan ICF INTERNATIONAL Propane Supply Sources and Trends Prepared For The: National Propane Gas Association (NPGA) August 2012 ICF International 9300 Lee Highway Fairfax, VA, 22031 Contact Information: Michael

More information

The Role of Electric Drive Transit Technologies in Reducing Greenhouse Gas Emissions

The Role of Electric Drive Transit Technologies in Reducing Greenhouse Gas Emissions The Role of Electric Drive Transit Technologies in Reducing Greenhouse Gas Emissions A. Kolpakov 1 and S. L. Reich 2 Proceedings of the Third International Conference on Urban Public Transportation Systems

More information

Annual Energy Outlook 2015

Annual Energy Outlook 2015 For Columbia University New York, NY By Adam Sieminski U.S. Energy Information Administration U.S. Energy Information Administration Independent Statistics & Analysis www.eia.gov Key results from (AEO215)

More information

TIPRO Legislative Update San Antonio, TX August 22, 2009. Ed McClellan Washington National Tax Services. Bobby Marandi PwC Houston.

TIPRO Legislative Update San Antonio, TX August 22, 2009. Ed McClellan Washington National Tax Services. Bobby Marandi PwC Houston. TIPRO Legislative Update San Antonio, TX August 22, 2009 Ed McClellan Washington National Tax Services Bobby Marandi PwC Houston PwC Agenda Economic & budget outlook Congressional balance of power Administration

More information

H.R. 5351 Renewable Energy and Energy Conservation Tax Act of 2008

H.R. 5351 Renewable Energy and Energy Conservation Tax Act of 2008 H.R. 5351 Renewable Energy and Energy Conservation Tax Act of 2008 February 25, 2008 I. INCREASE PRODUCTION OF RENEWABLE ELECTRICITY Long-term extension and modification of renewable energy production

More information

The Economic Impacts of Reducing. Natural Gas and Electricity Use in Ontario

The Economic Impacts of Reducing. Natural Gas and Electricity Use in Ontario The Economic Impacts of Reducing Natural Gas and Electricity Use in Ontario Prepared for Blue Green Canada July 2013 Table of Contents Executive Summary... i Key Findings... i Introduction...1 Secondary

More information

H.R. 2776 Renewable Energy and Energy Conservation Tax Act of 2007

H.R. 2776 Renewable Energy and Energy Conservation Tax Act of 2007 H.R. 2776 Renewable Energy and Energy Conservation Tax Act of 2007 I. PRODUCTION INCENTIVES June 19, 2007 Long-term extension and modification of renewable energy production tax credit. The bill extends

More information

Canadian Oil Sands. Enhancing America s Energy Security

Canadian Oil Sands. Enhancing America s Energy Security Canadian Oil Sands Enhancing America s Energy Security May 2011 The importance of Canada s oil sands stems from the value of oil to our economy and energy security. Global demand for energy continues to

More information

American Energy Productivity

American Energy Productivity American Energy Productivity The Economic, Environmental and Security Benefits of Unlocking Energy Efficiency Prepared on behalf of the Alliance to Save Energy February 2013 1 CHINESE DIRECT INVESTMENT

More information

Corporate Carbon Neutral Plan

Corporate Carbon Neutral Plan This Carbon Neutral Plan will guide the District of 100 Mile House decision making process in terms of reducing corporate energy consumption and greenhouse gas emissions and in achieving carbon neutrality.

More information

Indiana Energy Conference

Indiana Energy Conference Indiana Energy Conference The Big Energy Shake-Up: Adapting to Change October 15, 2015 JW Marriott Indianapolis IN CONSUMER PERSPECTIVE: IMPACT ON ELECTRICITY COSTS FOR AMERICAN BUSINESS John P. Hughes

More information

The California Environmental Protection Agency works to restore, protect,

The California Environmental Protection Agency works to restore, protect, Environmental Protection The California Environmental Protection Agency works to restore, protect, and enhance environmental quality. The Agency coordinates the state s environmental regulatory programs

More information

Fifty years of Australia s trade

Fifty years of Australia s trade Fifty years of Australia s trade Introduction This edition of Australia s Composition of Trade marks the publication s 50th anniversary. In recognition of this milestone, this article analyses changes

More information

Think About Energy Summit

Think About Energy Summit Think About Energy Summit Richard Wobbekind Senior Associate Dean Executive Director Business Research Division Leeds School of Business Mining GDP, Employment, and Wages Share of Colorado Economy GDP

More information

Energy in 2020: Assessing the Economic Effects of Commercialization of Cellulosic Ethanol

Energy in 2020: Assessing the Economic Effects of Commercialization of Cellulosic Ethanol Energy in 2020: Assessing the Economic Effects of Commercialization of Cellulosic Ethanol by Stefan Osborne Office of Competition and Economic Analysis Executive Summary U.S. dependence on imports of crude

More information

World Energy Outlook London, 12 November

World Energy Outlook London, 12 November World Energy Outlook 2013 London, 12 November The world energy scene today Some long-held tenets of the energy sector are being rewritten Countries are switching roles: importers are becoming exporters

More information

The Journal of Science Policy & Governance

The Journal of Science Policy & Governance The Journal of Science Policy & Governance POLICY MEMO: INCREASING SUSTAINABLE BIOMASS THROUGH PRODUCTION TAX CREDITS BY Ashley Paulsworth ashley0paulsworth@gmail.com Executive Summary As various tax credits

More information

National Heavy Duty Truck Transportation Efficiency Macroeconomic Impact Analysis

National Heavy Duty Truck Transportation Efficiency Macroeconomic Impact Analysis National Heavy Duty Truck Transportation Efficiency Macroeconomic Impact Analysis Prepared for the: Union of Concerned Scientists 2397 Shattuck Ave., Suite 203 Berkeley, CA 94704 Prepared by: Marshall

More information

Overview of the Heavy-Duty National Program. Need to Reduce Fuel Consumption and Greenhouse Gases from Vehicles

Overview of the Heavy-Duty National Program. Need to Reduce Fuel Consumption and Greenhouse Gases from Vehicles Submitted by United States of America Informal document WP.29-155-11 (155 th WP.29, 15-18 November 2011, agenda item 14) United States of America Environmental Protection Agency and National Highway Traffic

More information

What I Will Cover. Greenhouse Gases. Energy Legislation Multi-Pollutants (Carper Bill) FY 2011 Appropriations Transportation. GHG Reduction Programs

What I Will Cover. Greenhouse Gases. Energy Legislation Multi-Pollutants (Carper Bill) FY 2011 Appropriations Transportation. GHG Reduction Programs Executive Director s Report National Association of Clean Air Agencies Spring Membership Meeting Sacramento, California May 17, 2010 S. William Becker, NACAA What I Will Cover Greenhouse Gases GHG Reduction

More information

Measuring Your University s Carbon Footprint. Leslie Chinery University of Tennessee

Measuring Your University s Carbon Footprint. Leslie Chinery University of Tennessee Measuring Your University s Carbon Footprint Leslie Chinery University of Tennessee What Is a Carbon Footprint? Carbon dioxide and other GHG emissions for which institution is directly responsible Carbon

More information

NATion and north carolina

NATion and north carolina Energy Challenges for the NATion and north carolina NOIA s mission is to secure reliable access to the nation s valuable offshore energy resources in order that they may be developed, produced and supplied

More information

Massachusetts Clean Energy and Climate Plan for 2020. Executive Office of Energy and Environmental Affairs

Massachusetts Clean Energy and Climate Plan for 2020. Executive Office of Energy and Environmental Affairs Massachusetts Clean Energy and Climate Plan for 2020 Massachusetts Clean Energy and Climate Plan for 2020 I. The Rationale: Launching the Clean Energy Revolution Energy Costs & Volatility; Energy Independence

More information

Estimated U.S. household energy costs as percentage of after tax income

Estimated U.S. household energy costs as percentage of after tax income Energy Cost Impacts on American Families Rising electricity prices and declining family incomes are straining the budgets of America s lower- and middle-income families. U.S. households with pre-tax annual

More information

CRS Report Summaries WORKING DRAFT

CRS Report Summaries WORKING DRAFT CRS Report Summaries R40147 Green Buildings This is a definition and analysis of the cost and benefits of green buildings. It also cites agencies and laws that encourage the building of environmentally

More information

CANADA S EMISSIONS TRENDS

CANADA S EMISSIONS TRENDS CANADA S EMISSIONS TRENDS Environment Canada July 2011 Canada s Emissions Trends 1 Cat. No. En84-83/2011E ISBN 978-1-100-17743-4 Information contained in this publication or product may be reproduced,

More information

Energy prices and bills report Results and key messages for commerce and industry. 10 th December 2014

Energy prices and bills report Results and key messages for commerce and industry. 10 th December 2014 Energy prices and bills report Results and key messages for commerce and industry 10 th December 2014 1 We first discuss commercial prices and bills. The key messages are here. Scope: Commercial sector

More information

Considering a US Carbon Tax

Considering a US Carbon Tax Considering a US Carbon Tax Frequently Asked Questions Have questions about a carbon tax? Researchers in RFF s Center for Climate and Electricity Policy have the answers. Marie Bertrand/Corbis For the

More information

World Energy Outlook 2009. Presentation to the Press London, 10 November 2009

World Energy Outlook 2009. Presentation to the Press London, 10 November 2009 World Energy Outlook 29 Presentation to the Press London, 1 November 29 The context The worst economic slump since the 2 nd World War & signs of recovery but how fast? An oil price collapse & then a rebound

More information

SECTOR ASSESSMENT (SUMMARY): ENERGY. 1. Sector Performance, Problems, and Opportunities

SECTOR ASSESSMENT (SUMMARY): ENERGY. 1. Sector Performance, Problems, and Opportunities Country Operations Business Plan: Philippines, 2013 2015 SECTOR ASSESSMENT (SUMMARY): ENERGY 1. Sector Performance, Problems, and Opportunities 1. Challenges. Economic growth has been impeded in the Philippines

More information

Policy Brief International Renewable Energy Investment Credits Under a Federal Renewable Energy Standard

Policy Brief International Renewable Energy Investment Credits Under a Federal Renewable Energy Standard Policy Brief International Renewable Energy Investment Credits Under a Federal Renewable Energy Standard Andrew Stevenson and Nigel Purvis* July 13, 2010 Key Findings Allowing regulated entities to comply

More information

China s growing energy demand: some international implications

China s growing energy demand: some international implications China s growing energy demand: some international implications Dr David Robinson Senior Research Fellow OIES 17 October 2013 NOG Stockholm 1 Outline Introduction China s energy demand v. policy objectives

More information

TECHNICAL SUPPORT DOCUMENT AMENDMENTS TO COMAR 26.09. MD CO 2 Budget Trading Program FOR JULY 26, 2013 PREPARED BY:

TECHNICAL SUPPORT DOCUMENT AMENDMENTS TO COMAR 26.09. MD CO 2 Budget Trading Program FOR JULY 26, 2013 PREPARED BY: TECHNICAL SUPPORT DOCUMENT FOR AMENDMENTS TO COMAR 26.09 MD CO 2 Budget Trading Program JULY 26, 2013 PREPARED BY: MARYLAND DEPARTMENT OF THE ENVIRONMENT 1800 Washington Boulevard Baltimore Maryland 21230

More information

Carbon Pricing Experience in California. Brian Turner California Public Utilities Commission May 22, 2014

Carbon Pricing Experience in California. Brian Turner California Public Utilities Commission May 22, 2014 Carbon Pricing Experience in California Brian Turner California Public Utilities Commission May 22, 2014 AB 32: Global Warming Solutions Act of 2006 Reduce emissions to 1990 level by 2020 Maximize environmental/

More information

Statement of Lawrence W. Kavanagh Vice President, Environment and Technology American Iron and Steel Institute Washington, D.C.

Statement of Lawrence W. Kavanagh Vice President, Environment and Technology American Iron and Steel Institute Washington, D.C. Statement of Lawrence W. Kavanagh Vice President, Environment and Technology American Iron and Steel Institute Washington, D.C. Submitted for the Record Committee on Small Business U.S. House of Representatives

More information

Federal Incentives Provided by EPAct 2005 for Advanced Coal Technology

Federal Incentives Provided by EPAct 2005 for Advanced Coal Technology Federal Incentives Provided by EPAct 2005 for Advanced Coal Technology Presentation to Advanced Coal Technology Work Group David Berg DOE Office of Policy and International Affairs 1 EPAct 2005: Toolkit

More information

SaskPower CCS Global Consortium Bringing Boundary Dam to the World. Mike Monea, President Carbon Capture and Storage Initiatives

SaskPower CCS Global Consortium Bringing Boundary Dam to the World. Mike Monea, President Carbon Capture and Storage Initiatives SaskPower CCS Global Consortium Bringing Boundary Dam to the World Mike Monea, President Carbon Capture and Storage Initiatives 1 Purpose of Today A. CCS around the world B. What SaskPower is doing C.

More information

CLEAN POWER, CLEAR SAVINGS MAINE. The EPA Clean Power Plan Will Cut Maine Electricity Bills by 11.3 to 12.5 Percent by 2030

CLEAN POWER, CLEAR SAVINGS MAINE. The EPA Clean Power Plan Will Cut Maine Electricity Bills by 11.3 to 12.5 Percent by 2030 CLEAN POWER, CLEAR SAVINGS MAINE The EPA Clean Power Plan Will Cut Maine ity s by 11.3 to 12.5 Percent by 2030 Acknowledgments This report was written by David Arkush, managing director of Public Citizen

More information

Outsourcing US Refining?

Outsourcing US Refining? Outsourcing US Refining? The Case for a Strong Domestic Refining Industry Maintaining a viable domestic refining industry is critical. America s refiners are a strategic asset for the United States, and

More information

Manufacturing and Resource Allocation

Manufacturing and Resource Allocation MA 2071 A 05 Bill Farr September 2, 2005 1 2 Outline Many industrial problems in manufacturing and resource allocation can be expressed as linear systems. This presentation provides an introduction to

More information

Accelerating Commercial Deployment of CCS: Developing Incentives to Expand Anthropogenic CO2 Supply for Enhanced Oil Recovery Commercial

Accelerating Commercial Deployment of CCS: Developing Incentives to Expand Anthropogenic CO2 Supply for Enhanced Oil Recovery Commercial Accelerating Commercial Deployment of CCS: Developing Incentives to Expand Anthropogenic CO2 Supply for Enhanced Oil Recovery Commercial Brad Crabtree Great Plains Institute From a Bridge to a Destination:

More information

B-322486. September 30, 2011

B-322486. September 30, 2011 United States Government Accountability Office Washington, DC 20548 B-322486 September 30, 2011 The Honorable Barbara Boxer Chairman The Honorable James M. Inhofe Ranking Member Committee on Environment

More information

Keisuke Sadamori Director, Energy Markets and Security International Energy Agency Kuala Lumpur, 8 October

Keisuke Sadamori Director, Energy Markets and Security International Energy Agency Kuala Lumpur, 8 October Keisuke Sadamori Director, Energy Markets and Security International Energy Agency Kuala Lumpur, 8 October The context Southeast Asia is a key pillar of Asia s growth A mix of countries with disparate

More information

Australia s 2030 Emission Reduction Target

Australia s 2030 Emission Reduction Target Australia s 2030 Emission Reduction Target Strong, credible, responsible The Australian Government will reduce greenhouse gas emissions to 26 28 per cent below 2005 levels by 2030. Our target is a step

More information

The President s Blueprint for a Secure Energy Future

The President s Blueprint for a Secure Energy Future U.S. Renewable Energy Policy Landscape December 2012 Dr. Casey Delhotal Director, East Asian Affairs The President s Blueprint for a Secure Energy Future Goals Reduce oil imports by one-third by 2025 Generate

More information

Implications of Abundant Natural Gas

Implications of Abundant Natural Gas Implications of Abundant Natural Gas JAE EDMONDS AND HAEWON MCJEON APRIL 2013 May 29, 2013 1 Background May 29, 2013 2 The natural gas revolution The application of technologies for accessing unconventional

More information

Energy Cost Impacts on Michigan Families

Energy Cost Impacts on Michigan Families Energy Cost Impacts on Michigan Families Energy prices continue to strain the budgets of Michigan s lower- and middleclass families. Michigan households with annual incomes below $50,000, representing

More information

Briefing. The 2020 climate change target. April 2009

Briefing. The 2020 climate change target. April 2009 April 2009 Briefing The 2020 climate change target In April 2009 the Secretary of State for Energy and Climate Change will decide the 2020 target for greenhouse gas emissions and the first three five year

More information

Policy mapping, the case of Norway

Policy mapping, the case of Norway Sveinung Kvalø Ministry of the Environment, Norway Washington, Context: Growing concern of sustainability in the late 80 s The Brundtland commission 1987: Sustainable development is the kind of development

More information

California Energy Commission California Perspective on Biofuels and Energy

California Energy Commission California Perspective on Biofuels and Energy California Energy Commission California Perspective on Biofuels and Energy USDA/USDOE Biomass Research and Development Technical Advisory Committee Meeting November 19, 2015 Emeryville, California Tim

More information

Connecticut Department of Energy and Environmental Protection

Connecticut Department of Energy and Environmental Protection Connecticut Department of Energy and Environmental Protection Update on Climate Change Efforts Clean Power Plan and RGGI Program Review Discussion with Stakeholders Tracy Babbidge, Bureau Chief Energy

More information

IMPACTS OF EPA S CARBON PROPOSAL ON COLORADO

IMPACTS OF EPA S CARBON PROPOSAL ON COLORADO IMPACTS OF EPA S CARBON PROPOSAL ON COLORADO BACKGROUND In 2013, coal provided 64% of Colorado s electricity, with natural gas providing 20%, renewables 14%, and other sources providing the remaining 2%.

More information

Energy [R]evolution vs. IEA World Energy Outlook scenario

Energy [R]evolution vs. IEA World Energy Outlook scenario Energy [R]evolution vs. IEA World Energy Outlook scenario New set of scenarios takes climate crisis into account World Energy Outlook (WEO) 2008 for the first time takes the climate crisis really into

More information

This is a draft document for review by the Oregon Greenhouse Gas Reporting Advisory Committee April 1, 2010

This is a draft document for review by the Oregon Greenhouse Gas Reporting Advisory Committee April 1, 2010 This is a draft document for review by the Oregon Greenhouse Gas Reporting Advisory Committee April 1, 2010 DEPARTMENT OF ENVIRONMENTAL QUALITY Chapter 340 Proposed Rulemaking STATEMENT OF NEED AND FISCAL

More information

The Canadian Petroleum Products Institute Tony Macerollo, Vice President, Public and Government Affairs. June 2007

The Canadian Petroleum Products Institute Tony Macerollo, Vice President, Public and Government Affairs. June 2007 Presentation to the Standing Committee on Industry, Science, and Technology On Gas pricing and Refining Margins By The Canadian Petroleum Products Institute Tony Macerollo, Vice President, Public and Government

More information

Renewable Energy. 2015 LORD Green Real Estate Strategies, Inc.

Renewable Energy. 2015 LORD Green Real Estate Strategies, Inc. Renewable Energy Benefits of Renewable Energy Meet real estate portfolio GHG emission reduction/reporting goals Use energy that produces no GHG emissions from fossil fuels and reduces air pollution Mitigate

More information

Ensuring Competitiveness. under a US Carbon Tax

Ensuring Competitiveness. under a US Carbon Tax Ensuring Competitiveness under a US Carbon Tax As policymakers express renewed interest in a carbon tax, Carolyn Fischer, Richard Morgenstern, and Nathan Richardson weigh three options for preventing business

More information

ASSET & FACILITIES MANAGEMENT CORPORATE ENERGY EFFICIENCY POLICY

ASSET & FACILITIES MANAGEMENT CORPORATE ENERGY EFFICIENCY POLICY ASSET & FACILITIES MANAGEMENT CORPORATE ENERGY EFFICIENCY POLICY Paul Stokes Kevin Munford Asset & Facilities Manager Energy Officer 01/03/2006 THE COUNCIL S ENERGY POLICY FOR PUBLIC BUILDINGS AND TRANSPORT

More information

The role of local, decentralised energy solutions is too often overlooked in the context of current EU policy priorities to increase energy supply

The role of local, decentralised energy solutions is too often overlooked in the context of current EU policy priorities to increase energy supply The role of local, decentralised energy solutions is too often overlooked in the context of current EU policy priorities to increase energy supply security while attaining climate change goals. This presentation

More information

Annual Energy Outlook 1998

Annual Energy Outlook 1998 DOE/EIA-08(98) Distribution Category UC-90 Annual Energy Outlook 998 With Projections to 00 December 997 Energy Information Administration Office of Integrated Analysis and Forecasting U.S. Department

More information

SUSTAINABLE ENERGY BLUEPRINT

SUSTAINABLE ENERGY BLUEPRINT SUSTAINABLE ENERGY BLUEPRINT A PLAUSIBLE STRATEGY FOR ACHIEVING A NO-NUCLEAR, LOW- CARBON, HIGHLY-EFFICIENT AND SUSTAINABLE ENERGY FUTURE The following statement outlines an ambitious but doable strategy

More information

Short-Term Energy Outlook Market Prices and Uncertainty Report

Short-Term Energy Outlook Market Prices and Uncertainty Report February 2016 Short-Term Energy Outlook Market Prices and Uncertainty Report Crude Oil Prices: The North Sea Brent front month futures price settled at $34.46/b on February 4 $2.76 per barrel (b) below

More information

Greenhouse gas abatement potential in Israel

Greenhouse gas abatement potential in Israel Greenhouse gas abatement potential in Israel Israel s GHG abatement cost curve Translated executive summary, November 2009 1 Executive Summary Background At the December 2009 UNFCCC Conference in Copenhagen,

More information

Oil Price Volatility and the Continuing Case for Natural Gas as a Transportation Fuel

Oil Price Volatility and the Continuing Case for Natural Gas as a Transportation Fuel Oil Price Volatility and the Continuing Case for Natural Gas as a Transportation Fuel The recent decline in world crude oil prices is bringing new attention to the factors that drive the price and stability

More information

Earth Day Coincides With Heated Debates Over Environmental Rules

Earth Day Coincides With Heated Debates Over Environmental Rules Earth Day Coincides With Heated Debates Over Environmental Rules April 22, 2011 An oil spill in California was behind the creation of the first Earth Day in 1970. Now, 41 years later, the worst oil disaster

More information

TTIP The Energy Conundrum Cheap or Clean?

TTIP The Energy Conundrum Cheap or Clean? TTIP The Energy Conundrum Cheap or Clean? Vasile Iuga 16 October 2015 Current position EU US Energy Demand Flat Growing Dependency on Imports 53% and growing 400 bln / annum Net export by 2017 Domestic

More information

White Paper. Understanding California s Electricity Prices

White Paper. Understanding California s Electricity Prices White Paper Understanding California s Electricity Prices Executive Summary Most industry experts predict that average electricity prices throughout the U.S. will increase significantly over the next decade.

More information

Guidance for U.S. Positions on MDBs Engaging with Developing Countries on Coal-Fired Power Generation 1

Guidance for U.S. Positions on MDBs Engaging with Developing Countries on Coal-Fired Power Generation 1 October 29, 2013 Guidance for U.S. Positions on MDBs Engaging with Developing Countries on Coal-Fired Power Generation 1 The following guidance is intended to be adapted by individual MDBs and incorporated

More information

Transforming America s Energy Future. Kentucky. Energy Statistics. Developed by

Transforming America s Energy Future. Kentucky. Energy Statistics. Developed by Transforming America s Energy Future Kentucky Energy Statistics Developed by 2 2 Summary The first edition of Kentucky Energy Statistics is offered by the National Association for State Energy Officials

More information

Q&A - Vectren Integrated Resource Plan ( IRP ) Public Advisory Meeting August 5, 2014

Q&A - Vectren Integrated Resource Plan ( IRP ) Public Advisory Meeting August 5, 2014 Q&A - Vectren Integrated Resource Plan ( IRP ) Public Advisory Meeting August 5, 2014 Questions (Q) /Answers (A) & Comments (C) /Response (R) Q: In reference to the last bullet on slide 8, Between 2015

More information

The Role of the U.S. Government Accountability Office Presentation to Visiting Fellows George Washington University March 25, 2010

The Role of the U.S. Government Accountability Office Presentation to Visiting Fellows George Washington University March 25, 2010 The Role of the U.S. Government Accountability Office Presentation to Visiting Fellows George Washington University March 25, 2010 Loren Yager, Ph.D., Director International Affairs and Trade Carla Rojas

More information

EFFECTS OF AN RFS ON U.S. ENERGY SAVINGS, NATIONAL COSTS OF GASOLINE PRODUCTION, AND THE REGIONAL PATTERN OF ETHANOL USE

EFFECTS OF AN RFS ON U.S. ENERGY SAVINGS, NATIONAL COSTS OF GASOLINE PRODUCTION, AND THE REGIONAL PATTERN OF ETHANOL USE EFFECTS OF AN RFS ON U.S. ENERGY SAVINGS, NATIONAL COSTS OF GASOLINE PRODUCTION, AND THE REGIONAL PATTERN OF ETHANOL USE Prepared for American Petroleum Institute By MathPro Inc. May 23, 25 MathPro Inc.

More information

From Carbon Subsidy to Carbon Tax: India s Green Actions 1

From Carbon Subsidy to Carbon Tax: India s Green Actions 1 From Carbon Subsidy to Carbon Tax: India s Green Actions 1 09 CHAPTER 9.1 INTRODUCTION The recent steep decline in international oil prices is seen by many as an opportunity to rationalize the energy prices

More information

Proposed Local Law No. 3 Of 2015. County Of Ulster

Proposed Local Law No. 3 Of 2015. County Of Ulster BE IT ENACTED, by the Legislature of the County of Ulster, as follows: SECTION 1. LEGISLATIVE INTENT AND PURPOSE. The Ulster County Legislature finds that government must be innovative, efficient, and

More information

Session 7: Accounting and avoiding double counting Breakout Group Exercises

Session 7: Accounting and avoiding double counting Breakout Group Exercises Session 7: Accounting and avoiding double counting Breakout Group Exercises Introduction It is anticipated that some countries will use internationally transferred carbon assets to help meet their emission

More information

Chapter 11 Macroeconomic Assessment of Action Plan

Chapter 11 Macroeconomic Assessment of Action Plan Introduction Chapter 11 Macroeconomic Assessment of Action Plan There is a strongly positive overall economic impact from the group of recommendations presented in this report. Specifically, the net present

More information

OVERVIEW CLIMATE ACTION IN BC. BC s Climate Action Secretariat. Action to date on climate change. BC s approach to regulating GHGs

OVERVIEW CLIMATE ACTION IN BC. BC s Climate Action Secretariat. Action to date on climate change. BC s approach to regulating GHGs OVERVIEW CLIMATE ACTION IN BC BC s Climate Action Secretariat Action to date on climate change BC s approach to regulating GHGs BC in Canada and North America Opportunities for business in BC CLIMATE ACTION

More information

MEMORANDUM June 16, 2010 Subject: From:

MEMORANDUM June 16, 2010 Subject: From: MEMORANDUM June 16, 2010 Subject: From: Comparison of Selected Senate Energy and Climate Change Proposals Brent Yacobucci, Coordinator Specialist in Energy and Environmental Policy x7-9662 byacobucci@crs.loc.gov

More information

April 14, 2015 OVERVIEW

April 14, 2015 OVERVIEW April 14, 2015 Congressional Testimony of Jason E. Bordoff Founding Director, Center on Global Energy Policy, and Professor of Professional Practice in International and Public Affairs, Columbia University

More information

World Energy Outlook 2007: China and India Insights. www.worldenergyoutlook.org International Energy Agency

World Energy Outlook 2007: China and India Insights. www.worldenergyoutlook.org International Energy Agency World Energy Outlook 27: China and India Insights www.worldenergyoutlook.org International Energy Agency Why Focus on China & India? Increase in World Primary Energy Demand, Imports & Energy-Related CO

More information

The Clean Air Act s Economic Benefits. Past, Present and Future

The Clean Air Act s Economic Benefits. Past, Present and Future The Clean Air Act s Economic Benefits Past, Present and Future October 2010 Acknowledgements This report is the product of a collaborative effort by Small Business Majority and The Main Street Alliance.

More information

GHG Accounting Guidance Note Generic Method for Energy Efficiency Investment Projects

GHG Accounting Guidance Note Generic Method for Energy Efficiency Investment Projects GHG Accounting Guidance Note Generic Method for Energy Efficiency Investment Projects IFC CLIMATE BUSINESS GROUP SEPTEMBER 2011 Introduction The following is an overview guidance for IFC investment staff

More information

AGRICULTURE FOR FOOD AND FOR BIOENEGY: IS IT POSSIBLE?

AGRICULTURE FOR FOOD AND FOR BIOENEGY: IS IT POSSIBLE? GLOBAL SUSTAINABLE BIOENERGY PROJECT AGRICULTURE FOR FOOD AND FOR BIOENEGY: IS IT POSSIBLE? Dr. Rodolfo Quintero-Ramírez March 24 th, 2010 Sao Paulo, Brazil ? FOOD ANIMAL FEED AGRICULTURE BIOENERGY BIOPRODUCTS

More information

Issue. September 2012

Issue. September 2012 September 2012 Issue In a future world of 8.5 billion people in 2035, the Energy Information Administration s (EIA) projected 50% increase in energy consumption will require true all of the above energy

More information

Climate change USA? American Energy Policy under President Barack Obama

Climate change USA? American Energy Policy under President Barack Obama Climate change USA? American Energy Policy under President Barack Obama Aaron Best Ecologic Institute Berlin 10 February 2009 13. Fachkongress Zukunftsenergien der EnergieAgentur.NRW Essen, Germany Superman,

More information

Home Heating Retrofit Business Case Study

Home Heating Retrofit Business Case Study Home Heating Retrofit Business Case Study Prepared by: Yukon Energy Corporation With support from Yukon Government Energy Branch May 3, 2016 i Executive Summary Home heating represents a significant potential

More information

Fossil fuels and climate change: alternative projections to 2050

Fossil fuels and climate change: alternative projections to 2050 Fossil fuels and climate change: alternative projections to 2050 Key questions in the climate change debate are to what extent fossil fuel depletion will reduce emissions, and what country-by-country emissions

More information

(1) the business credit carryforwards carried to such taxable year, (2) the amount of the current year business credit, plus

(1) the business credit carryforwards carried to such taxable year, (2) the amount of the current year business credit, plus Sec. 38. General business credit (a) Allowance of credit There shall be allowed as a credit against the tax imposed by this chapter for the taxable year an amount equal to the sum of - (1) the business

More information

Renewable Energy on Regional Power Grids Can Help States Meet Federal Carbon Standards

Renewable Energy on Regional Power Grids Can Help States Meet Federal Carbon Standards FACT SHEET Renewable Energy on Regional Power Grids Can Help States Meet Federal Carbon Standards In June 2014, the U.S. Environmental Protection Agency (EPA) used its authority under Section 111(d) of

More information