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Senate Energy & Natural Resources Chairman Jeff Bingaman (D-NM) has introduced the Clean Energy Standard Act of 2012, which would require electric utilities to derive increasing percentages of their supply mix from low-CO2 sources. The bill would take effect in 2015, and would require that by 2035 84% of power from large utilities come from low-CO2 sources. Sources eligible under the legislation include: renewables, such as wind and solar, “qualified” renewable biomass and waste-to-energy, hydropower, natural gas, and nuclear. Facilities with CO2 capture and storage, and some combined heat and power facilities, are also eligible. The bill establishes a market-based… [more]
View InsightIn an opinion piece in the New York Times, writer David Ropeik argues that the nature of how humans perceive risk has led to some impractical, and potentially counterproductive, energy and environmental policies. According to research cited by Ropeik, the following factors make people more likely to perceive higher levels of risk: “Human-made risks upset us more than risks which are natural; Risks imposed on us are scarier than those we take by choice; Risks grow scarier the greater the pain and suffering they cause.” These perception factors percolate into our energy and environmental policy, Ropeik argues, sometimes leading to… [more]
View InsightPresident Obama sent his requested FY2013 budget to Congress Monday, and requested, among other energy-related items, significant increases to energy R&D, renewable energy investments, and energy efficiency programs. From the request: “In light of the tight discretionary spending caps, this increase in funding is significant and a testament to the importance of innovation and clean energy to the country’s economic future.” Among the energy-related budget requests: $27.2 billion to the Department of Energy, a 3.2% hike over FY2012 $5 billion for DOE’s Office of Science $2.3 billion for DOE’s Energy Efficiency and Renewable Energy office – a 29% increase –… [more]
View InsightThe Nuclear Regulatory Commission (NRC) approved by a 4-to-1 vote Southern Company’s bid to build two nuclear reactors along the Georgia-South Carolina border. These are the first new reactors to be approved by the NRC in more than 30 years. The reactors will cost a Southern Co. led investment group around $14 billion, and will begin producing power as soon as 2016 or 2017. “Today’s licensing action sounds a clarion call to the world that the United States recognizes the importance of expanding nuclear energy as a key component of a low-carbon energy future that is central to job creation,… [more]
View InsightPresident
Kadak Associates, Inc.
In March 2011 a giant earthquake and tsunami struck Japan and killed over 20,000 people. These events also seriously damaged 4 nuclear plants at the Fukushima Daiichi Nuclear Power Plant. The subsequent release of radiation led to local, precautionary evacuations since the course of the accident and potential contamination was unknown at the time. According to a June 2011 report by the IAEA International Fact Finding Expert Mission, “To date no health effects have been reported in any person as a result of radiation exposure from the nuclear accident”. This included the operators and others who worked from the beginning… [more]
View InsightProfessor of Public Policy
Georgia Institute of Technology
In his 2011 State of the Union address, President Obama proposed a Clean Energy Standard (CES) requiring that 80 percent of the nation’s electricity come from clean energy resources by 2035. Over the past decade, Congress has debated renewable electricity standards, typically allowing energy efficiency to meet a portion of the target. For example, in 2009, an RES was included in the American Clean Energy Leadership Act of 2009, requiring 15% renewables by 2021, and 27% of this target could be met by energy efficiency. What happened to energy efficiency in the President’s proposal? A well-designed CES policy would enable… [more]
View InsightBetween the Solyndra scandal, the disaster at the Fukushima I Nuclear Power Plant, the deliberation over the Keystone XL pipeline, President Obama’s aggressive new CAFE Standards, protests over lighting standards, EPA’s MACT rules, and more, 2011 proved to be a controversial year for energy and energy policy, even without major energy legislation.
View InsightThe New York Times has reported that Iran has threatened to block all oil shipments through the Strait of Hormuz, which serves as a transport corridor for approximately 1/5 of world oil supply. The threat is in response to U.S. sanctions on Iran that are awaiting President Obama’s signature. The sanctions, if enforced, would penalize foreign businesses for doing business with Iran’s national bank, which is responsible for collecting payment on much of the country’s energy exports. The sanctions are in response to a November IAEA report, and are intended to penalize Iran for pursuing secretly nuclear weapons in spite… [more]
View InsightExxonMobil recently released its 2012 Outlook for Energy: A View to 2040, a report forecasting energy trends out for the next several decades. Among the projections highlighted in ExxonMobil’s announcement: “Global energy demand is expected to rise by about 30 percent from 2010 to 2040, [but] demand growth would be approximately four times that amount without projected gains in efficiency.” “ExxonMobil sees advanced hybrid vehicles accounting for 50 percent of the cars people will drive in 2040, compared to about 1 percent today. This, plus improved fuel economy in conventional vehicles, will cause demand for energy for personal vehicles to… [more]
View InsightA Call to Action: Executive Summary by Herschel Specter President, RBR Consultants, Inc. mhspecter@verizon.net This report is a call to action, and it presents a multi-faceted national energy plan that would address the twin threats of petroleum usage and climate change that pose severe, imminent risk to the U.S. economy, environment and national security. It lays out specific goals and actionable approaches – both low-tech and high-tech – that would allow America to avert this looming crisis. By 2036, implementation of this plan should lead to over $11 trillion (2008) dollars in savings through reduced oil consumption and to the… [more]
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