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CLIMATE CHANGE:CLIMATE CHANGE:
Scale & Scope of the Challenge toScale & Scope of the Challenge toReduce Global Greenhouse GasReduce Global Greenhouse GasEmissionsEmissions
Stephen D. EuleStephen D. Eule
Vice President for Climate and TechnologyVice President for Climate and TechnologyInstitute for 21Institute for 21
stst
Century EnergyCentury EnergyUS Chamber of CommerceUS Chamber of Commerce
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Where We Are: Making ProgressWhere We Are: Making Progress
Energy Policy Act of 2005
About $14 billion in tax credits for energy efficiency, clean coal, nuclear, renewables, etc. over 10 years
Loan Guarantees for new technologies that reduce GHG and air pollution - $67.5 billion available
$2 billion in standby support coverage for regulatory delay for 6 new nuclear power plants
Energy Independence and Security Act of 2007
Renewable Fuels Mandate - 36 billion gallons of biofuels annually by 2022—about 20% of projected gasolineusage
Vehicle Fuel Economy Mandate - 35 miles per gallon by 2020
Lighting Mandate - Phase out inefficient (e.g., incandescent) bulbs by 2014
Appliance Mandates
Federal Facility Requirements - Reduce energy consumption 30 percent by 2015 & new federal buildings mustbe carbon-neutral by 2030
Energy Improvement & Extension Act of 2008
$18 billion in tax credits - Extends many EPAct2005 tax credits
Farm Bill
Significant portion of proposed $50 billion Farm Bill Conservation Programs for terrestrial sequestration
States
RPS in over 26 states
24 states undertaking regulation
Net U.S. GHG emissions in 2006 down 3% since 2000.Net GHG emissions in 2008 will be lower than in 2000.
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Projected Energy-Related COProjected Energy-Related CO
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Emissions over TimeEmissions over TimeShow Steady Progress in Slowing EmissionsShow Steady Progress in Slowing EmissionsGrowthGrowth
Projected energy-related CO
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emissions have steadily decreased since 2002.The EIA AEO 2009projection of energy-related CO
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emissions in 2020 is nearly 1.7 gigatons CO
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below the comparable levelin the AEO 2002. Projected cumulative emissions avoided from 2009 - 2020 total about 15 gigatons CO
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.
Sources: EIA
Annual Energy Outlook
2002 through 2009.
AEO 2002AEO 2009
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