Transcript Slide 1
Policy Matters Ohio
The American Clean Energy
and Security Act of 2009:
To create clean
energy jobs,
achieve energy
independence,
reduce global
warming
pollution and
transition to a
clean energy
economy.”
September 21,2009
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INVESTMENT COMPONENTS OF
ACES LEGISLATION
Investment is funded by proceeds of allowances for:
(1) Consumer Protection
(2) Energy Efficiency
(3) Transition to a Clean Energy Economy
Policy Matters Ohio
Consumer Protection
• Protection from price increases in electricity, natural gas and
home heating oil (Initially 44% of auction proceeds, spread
rateably across consumer classes; declines over time…)
• Rebates to protect budgets of bottom quintile of earners Households with incomes of up to 150% of poverty line
• Protection for Energy-Intensive, Trade-Exposed Industries (15%
of emission proceeds)
• Protection for Domestic Energy Production (2% of auction
proceeds)
Policy Matters Ohio
Energy Efficiency and Clean Energy
Technology
• Investments in carbon capture and sequestration
(1.75%)
• Investments in renewable energy and energy efficiency
(10.5%)
• Investments in Advanced Automobile Technology (3%)
• Investments in Research and Development (2%)
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Other Public Purposes
• Domestic and International Adaptation (7%)
• Clean Technology Transfer and Deployment
(1%)
• Worker Training & Assistance (1.25%)
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Emission Allocations: Free
versus Auctioned Over Time
Policy Matters Ohio
“The American Clean Energy and
Security Act of 2009”
Title I Clean Energy
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Title I Clean Energy
Subtitle A: Combined Efficiency and Renewable Electricity: Starts at 6% in
2012 and gradually rises to 20% in 2020
Subtitle B: Carbon Capture and Sequestration: Establishes a national strategy,
sets performance standards for clean coal, funds demonstration and early
deployment projects; , addresses geologic formations, etc.
Subtitle C: Clean Transportation: Electric Vehicle Infrastructure, Large-Scale
Vehicle Electrification Program: Advanced Technology Loans, Plug-In Electric
Drive Vehicle Manufacturing; battery manufacturing facilities, biomass for fuel;
loan guarantees for construction of renewable fuel pipelines; more….
Subtitle D: State Investment Accounts: SEED (State Energy and Environment
Development Accounts) and REEP (Renewable and Energy Efficiency
Programs)
Subtitle E: Smart Grid Advancement: Assessment of Smart Grid Cost
Effectiveness, Inclusions of Smart Grid Capability on Appliance ENERGY
GUIDE Labels, Smart Grid Peak Demand Reduction Goals, etc.
Policy Matters Ohio
Title I Clean Energy
Subtitle F: Transmission Planning: Addresses planning of
transmission lines and grids and the siting of facilities
Subtitle G: Technical Corrections to Energy Laws
Subtitle H: Energy & Efficiency Centers & Research: Clean Energy
Innovation Hubs, Advanced energy research, building assessment
centers, high efficiency gas turbine research and development
Subtitle I: Nuclear & Advanced Energy Technologies: Loan
guarantees, clean energy investment fund, energy technology
research and deployment
Subtitle J: Miscellaneous: Consumer protection, bio-energy
partnership, development corporation for renewable energy
borrowing authority (Ohio Rep. Marcy Kaptur - $3.5BB)
Policy Matters Ohio
“The American Clean Energy and
Security Act of 2009”
Title II Energy Efficiency
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Title II Energy Efficiency
Subtitle A: Building Energy Efficiency Programs: Greater Energy
Efficiency in Building Codes, Building Retrofit Program, Energy Efficient
Manufactured Homes, Building Energy Performance Labeling Program
Subtitle B: Lighting and Appliance Energy Efficiency Programs:
Lighting Efficiency Standards, Other Appliance Efficiency Standards,
Appliance Efficiency Determinations and Procedures, Best-in-Class
Appliances Deployment Program, Purpose of Energy Star Energy Star
Standards
Subtitle C: Transportation Efficiency: Emissions Standards,
Greenhouse Gas Emissions Reductions through Transportation
Efficiency, SmartWay Transportation Efficiency Program, State Vehicle
Fleets…Clean Energy Revolving Loans for states for 2010 and 2011
to allow preparation for the pricing of carbon with up to $500MM in
grants for revolving loan funds to support energy efficiency and
retooling for clean energy markets (IMPACT legislation in the
Senate).
Policy Matters Ohio
Title II Energy Efficiency
Subtitle D: Industrial Energy Efficiency Programs: Industrial Plant
Energy Efficiency Standards, Electric and Thermal Energy Efficiency
Award Programs, Waste Heat Recovery Financial Incentives
Subtitle E: Improvements in Energy Savings Performance
Contracting: Amends the National Energy Conservation Policy Act
to establish competition requirements for specific energy savings
performance contract task orders.
Subtitle F: Public Institutions: Public Institutions, Community Energy
Efficiency Flexibility, Small Community Joint Participation, LowIncome Community Energy Efficiency Program.
Subtitle G: Miscellaneous: Energy efficient information and
communications technologies; National energy efficiency goals;
Affiliated island energy independence team; Product carbon
disclosure program, etc.
Subtitle H: Green Resources for Energy Efficient Neighborhoods:
Pertaining to public housing, financing and mortgages
Policy Matters Ohio
“The American Clean Energy and
Security Act of 2009”
Title III Reducing Global Warming
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Title III: Reducing Global
Warming Pollution
• Subtitle A: The Clean Air Act (42 U.S.C. and following)
is amended by adding after title VI the following new title:
“VII: Global Warming Pollution Reduction Program” with
goals, targets, rules, emission allowances, distribution of
emission allowances, program outlines, penalties,
trading, banking and borrowing, strategic reserves,
permits, international emissions allowances, treatment of
greenhouse gas pollutants in addition to Carbon Dioxide,
treatment of state auctions, early actors, trading of
allowances, regulation of trading, fees, and other. In this
section, the controls of carbon through cap and trade,
the use of proceeds of the auction, trading and offsets
are defined.
Policy Matters Ohio
“The American Clean Energy and
Security Act of 2009”
Title IV: Transitioning to a Clean
Energy Economy
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Title IV Transitioning to a Clean Energy
Economy
Subtitle A: Ensuring Real Reductions in Industrial Emissions: Emission Allowance
Rebate Program, International Reserve Allowance Program, Presidential Reports and
Determinations
Subtitle B: Green Jobs Training and Worker Transition, Climate Change and Worker
Adjustment Assistance
Subtitle C: Consumer Assistance: Energy Tax Credit, Energy Refund Program for
Low-Income Consumer rebate/refund
Subtitle D: Exporting Clean Technology: To provide financial and technical resources,
to encourage widespread deployment of clean technologies to developing countries
that have undertaken appropriate mitigation activities in greenhouse gas reductions.
Subtitle E: Adapting to Climate Change: National Climate Change Adaptation
Program,: State Programs to Build Resilience to Climate Change Impacts, Public
Health and Climate Change:, National Strategic Action Plan, Climate Change Health
and Protection Fund
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Policy Matters Ohio
“The American Clean Energy
and Security Act of 2009”
Title V: Agricultural and Forestry
Related Offsets
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Title V: Agricultural and Forestry Related
Offsets
• Subtitle A—Offset Credit Program From Domestic Agricultural
and Forestry Sources: Establishment, eligibility, requirements,
project plan submission and approval; verification; certification;
ownership and transfer; program review and revision; environmental
considerations.
• Subtitle B—USDA Greenhouse Gas Emission Reduction and
Sequestration Advisory Committee: Establishment of USDA
Greenhouse Gas Emission Reduction and Sequestration Advisory
Committee.
• Subtitle C—Miscellaneous: International indirect land use
changes, Biomass-based diesel, Modification of definition of
renewable biomass.