DOE Report: Recovery Package Clean Energy Provisions Are Working
April 21, 2009 -- Congressional Documents and Publications/ContentWorks
>
> The Department of Energy's Energy Information Administration
> (EIA)
> released its updated 2009 Energy Outlook Report last Friday to assess
> the impact of the American Recovery and Reinvestment Act (ARRA),
> passed by Congress in January, on the U.S. energy outlook. The
> Recovery Act's energy-specific provisions aim to create more than
> 500,000 jobs, by accelerating deployment of smart grid technology,
> providing energy efficiency funds for the nation's schools, offering
> support for the nation's governors and mayors to tackle their energy
> challenges, and establishing a new loan guarantee program to keep our
> transition to renewable energy on track during the economic crisis.
>
> The EIA report shows that the recovery bill's clean energy
> provisions are working. As Congress begins consideration of the
> Waxman-Markey clean energy and climate bill this week, the EIA report
> signals that America's economy should be fueled by clean energy that
> will grow jobs, decrease energy costs and oil dependence, and reduce
> heat-trapping pollution.
>
> The report's key conclusions on the impact of ARRA's energy-
> specific provisions versus business as usual are below:
>
> INCREASES IN RENEWABLES: ARRA's clean energy tax credits and loan
> guarantee program will result in "a significant expansion in the use
> of renewable fuels for electricity generation, particularly in the
> near- term."
>
> * WIND: The recovery package doubles the amount of wind energy
> built by 2012 with a 67 percent overall increase by 2030
>
> * GEOTHERMAL: 16 percent increase in installed geothermal
> capacity by
> 2013
>
> * BIOMASS: 18 percent increase in biomass installed capacity by
> 2030
>
> * PHOTOVOLTAIC: 15 percent increase in commercial sector
> photovoltaic capacity by 2011
>
> DECREASES IN CONSUMER PRICES: ARRA weatherization and efficiency
> improvements will permanently reduce consumer consumption and lower
> household energy bills
>
> * 3.4 percent drop in household heating and cooling consumption
> by 2030
>
> * 4.5 percent drop in household energy expenditures by 2028
>
> * 3 percent drop in commercial fuel oil consumption by 2030
>
> REDUCES GLOBAL WARMING EMISSIONS: ARRA's provisions promoting
> clean energy, greater efficiency and lower energy consumption will
> reduce carbon dioxide emissions.
>
> * 1.3 percent reduction in energy-related carbon dioxide
> emissions in 2013, the equivalent of the emissions from nearly 168,000
> barrels of oil.
>
> Rep. Edward J. Markey (D-Mass.), Chair of the Select Committee on
> Energy Independence and Global Warming, and the Energy and Environment
> Subcommittee, expressed optimism upon reading the EIA report.
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>
> The Department of Energy's Energy Information Administration
> (EIA)
> released its updated 2009 Energy Outlook Report last Friday to assess
> the impact of the American Recovery and Reinvestment Act (ARRA),
> passed by Congress in January, on the U.S. energy outlook. The
> Recovery Act's energy-specific provisions aim to create more than
> 500,000 jobs, by accelerating deployment of smart grid technology,
> providing energy efficiency funds for the nation's schools, offering
> support for the nation's governors and mayors to tackle their energy
> challenges, and establishing a new loan guarantee program to keep our
> transition to renewable energy on track during the economic crisis.
>
> The EIA report shows that the recovery bill's clean energy
> provisions are working. As Congress begins consideration of the
> Waxman-Markey clean energy and climate bill this week, the EIA report
> signals that America's economy should be fueled by clean energy that
> will grow jobs, decrease energy costs and oil dependence, and reduce
> heat-trapping pollution.
>
> The report's key conclusions on the impact of ARRA's energy-
> specific provisions versus business as usual are below:
>
> INCREASES IN RENEWABLES: ARRA's clean energy tax credits and loan
> guarantee program will result in "a significant expansion in the use
> of renewable fuels for electricity generation, particularly in the
> near- term."
>
> * WIND: The recovery package doubles the amount of wind energy
> built by 2012 with a 67 percent overall increase by 2030
>
> * GEOTHERMAL: 16 percent increase in installed geothermal
> capacity by
> 2013
>
> * BIOMASS: 18 percent increase in biomass installed capacity by
> 2030
>
> * PHOTOVOLTAIC: 15 percent increase in commercial sector
> photovoltaic capacity by 2011
>
> DECREASES IN CONSUMER PRICES: ARRA weatherization and efficiency
> improvements will permanently reduce consumer consumption and lower
> household energy bills
>
> * 3.4 percent drop in household heating and cooling consumption
> by 2030
>
> * 4.5 percent drop in household energy expenditures by 2028
>
> * 3 percent drop in commercial fuel oil consumption by 2030
>
> REDUCES GLOBAL WARMING EMISSIONS: ARRA's provisions promoting
> clean energy, greater efficiency and lower energy consumption will
> reduce carbon dioxide emissions.
>
> * 1.3 percent reduction in energy-related carbon dioxide
> emissions in 2013, the equivalent of the emissions from nearly 168,000
> barrels of oil.
>
> Rep. Edward J. Markey (D-Mass.), Chair of the Select Committee on
> Energy Independence and Global Warming, and the Energy and Environment
> Subcommittee, expressed optimism upon reading the EIA report.
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