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Stimulus Package. House-American Recovery and ... Stimulu

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Stimulus Package. House-American Recovery and ... Stimulus Package. Direct Spending ... Final passage of bill is expected in mid-February. Energy Policy ... – PowerPoint PPT presentation

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Title: Stimulus Package. House-American Recovery and ... Stimulu


1
Federal Policies for Renewable Energy What to
expect from the new Administration and
Congress Jeramy Shays, Policy Associate American
Council On Renewable Energy
2
ACOREs Mission and Strategy
  • 501(c)(3) tax-exempt research education
    nonprofit organization
  • bring renewable energy into the mainstream of
    our economy and lifestyle
  • assume responsibility for the success of
    renewable energy in America
  • be for renewable energy and against nothing
  • ACORE encompasses all renewable and inexhaustible
    energy options
  • - Solar energy - Biomass energy and fuels
  • - Wind power - Geothermal energy
  • - Hydropower ocean - Waste-to-energy
  • in all forms of energy
  • - Electricity - End use thermal energy
  • - Fuels - Hydrogen
  • while focusing on three strategic themes and
    three major activities
  • - Markets - Research and publishing

3
ACOREs 600 Organizational Members Include all
of the following sectors
4
Renewable Energy Policy Update
  • Administrations Goal Double RE in 3 years
  • Stimulus Package
  • Energy Policy
  • Renewable Portfolio Standard (RPS)
  • Renewable Energy Rates (Feed-in-tariffs)
  • Climate Change Legislation

5
Administrations Goal Double Renewable Energy in
3 Years
  • We will double the production of alternative
    energy in the next three yearsWe will put
    Americans to work in jobs building solar panels
    and wind turbines
  • Barack Obama, Jan.
    8th, George Mason University
  • To achieve this goal, we need policies that
    support
  • Economic conditions conducive to this growth
  • Improvement and development of renewable energy
    (RE) grid and transmission technologies
  • Training of a green collar workforce

6
Stimulus Package
  • House-American Recovery and Reinvestment Act
    Jan. 28 - Party line vote 244 to 188
  • Total Stimulus Package 819 billion
  • Direct Spending on RE and EE 18.5 billion
  • Financial Incentives for RE 20 billion

7
Stimulus Package Direct Spending
  • Grid Development 11 Billion Grid development
    and improvement
  • Smart Grid Investment Program Increases federal
    matching grants from 20 -50
  • RD, Demonstration Projects 2 billion Energy
    Efficiency (EE) and RE RD, demonstration and
    deployment activities
  • Green Job Training 500 Million

8
Stimulus Package Financial Incentives
  • 3 Year extension of the Production Tax Credit
    (PTC)
  • Option to utilize Investment Tax Credit (ITC)
  • 20 tax credit for energy RD projects
  • Innovative Technology Loan Guarantee Program 8
    Billion

9
Stimulus Package Differences in House and Senate
  • House- Grant Program DOE grant of 30 in lieu of
    PTC or ITC
  • Senate- 5 Year Carry-Back Provision
  • Senate- Advanced Energy Manufacturing Credits
    2 billion in energy-related manufacturing
    investment credits at 30
  • Final passage of bill is expected in mid-February

10
Energy Policy Renewable Portfolio Standard (RPS)
  • RPS of 15 by 2020 passed House 110th Congress
  • Proposed RPS in Senate of 20 by 2020
  • Mandate directly on utilities
  • Compliance through RECs, EECs
  • Obama calls for 25 by 2025

11
Energy Policy Renewable Energy Rates
(Feed-In-Tariffs)
  • Renewable Energy Jobs and Security Act (H.R.
    6401)
  • Guaranteed Interconnection
  • New RE facilities below 20 MW
  • Mandatory Purchase Requirement
  • 20 yr fixed rate contracts allowing for 10
    internal rate of return
  • Cost Recovery
  • RenewCorp would levy systems benefit charge on
    all consumers

12
ACOREs University RE Rate Initiative
  • Goal- Universities reach 100 of their
    economically viable potential for production or
    purchase of RE
  • Method- State level RE Rates for on campus
    production of RE
  • Governors require PUCs to implement RE Rates
    solely for universities

13
Climate Change Policy Legislation
  • 10 Cap and Trade Proposals 110th Congress
  • Boxer-Lieberman-Warner Bill Senate Floor
  • Bills Differ on
  • Size of reduction - Allocation vs. auction
  • Offsets and cost controls - Benefits of
    early action
  • Technology support - Entity in charge
  • Few Provisions for Renewable Energy

14
Climate Change Policy Before Copenhagen???
  • Administration 80 reduction by 2050
  • Senate
  • Working group of Kerry, Boxer, Bingaman
  • House
  • Pelosi- Legislation pass the Floor before
    Copenhagen
  • Energy and Commerce Committee- Markup by Memorial
    Day
  • Strong Opposition
  • Further harm to the economy
  • Skepticism of new market

15
Conclusion
  • There is strong support for RE within the
    Administration and Congress.
  • There is a good chance that a mandate in the form
    of an RPS or RE Rate will be enacted.
  • RE needs to have a much larger voice in the
    climate debate and play a much greater role in
    climate legislation.
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