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

Environmental PoliciesEnvironmental Policies

January 26, 2009

New AdministrationNew AdministrationEnergy / Environmental InitiativesEnergy / Environmental Initiatives

Stimulus Package

Comprehensive energy legislation

Climate legislation

A Snapshot of Obama’s A Snapshot of Obama’s New AdministrationNew 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

A Snapshot of Obama’s Stimulus PlanA 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

A Snapshot of Obama’s Stimulus PlanA 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

House Committee Stimulus House Committee Stimulus for Efficiency ($31 B)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

House Committee Stimulus for Electric House Committee Stimulus for Electric Drive Transportation Drive Transportation

Electric Transportation Grant Program: $200 M

Advanced Battery Loans and Grants: $2 B

House Committee Economic Stimulus House Committee Economic Stimulus for Electric Grid ($11 B)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

House Committee Economic Stimulus House Committee Economic Stimulus for Climate and Renewablesfor 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

President Obama’s President Obama’s Energy / Environmental ViewsEnergy / Environmental Views

Climate ChangeClimate Change

EnergyEnergy Efficiency Efficiency Smart GridSmart Grid

Renewable Portfolio Renewable Portfolio StandardsStandards

25% by 2025

Overhaul of Federal Efficiency Codes

Increased Government Support

80% reduction by 2050

View From Top – Pres. Obama’sView From Top – Pres. Obama’s Climate Change Positions 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)

Pres. Obama – 25% by 2025Pres. Obama – 25% by 2025RPS NationwideRPS Nationwide

States with a 25% RPS

AABE Action PlanAABE 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