Full Title: Alternative Policies
Author(s): U.S. Energy Information Administration (EIA)
Publisher(s): U.S. Department of Energy
Publication Date: March 13, 2020
Full Text: Download Resource
The U.S. Energy Information Administration (EIA) released its Annual Energy Outlook 2020 (AEO2020) in January 2020. The AEO2020 Reference case generally assumes that existing laws and regulations remain as enacted throughout the projection period, including when the laws or policies are scheduled to sunset. However, in the area of policies that target emissions reduction, history has demonstrated that there is significant uncertainty in this assumption. For example, tax credits supporting wind and solar electric generation are often extended year to year, and vehicle emission standards, etc. are the subject of legislative debate and action. There are also examples, such as the Clean Power Plan, where rules are issued and later repealed. Therefore, it is important to consider the uncertainty associated with the assumption of current laws and legislation.