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Economy — Energy — Climate : Using the Linkages

Economy — Energy — Climate : Using the Linkages. The Basics. Strong Economy Depends on Energy and Stable Climate Energy Policy that Ignores Climate Protection Will Fail Climate Policy that Ignores Energy Needs Will Fail. Exploiting Linkages.

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Economy — Energy — Climate : Using the Linkages

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  1. Economy—Energy—Climate:Using the Linkages

  2. The Basics • Strong Economy Depends on Energy and Stable Climate • Energy Policy that Ignores Climate Protection Will Fail • Climate Policy that Ignores Energy Needs Will Fail

  3. Exploiting Linkages • Protecting the climate IS an economic growth strategy • Protecting the climate IS an energy security strategy • Smart energy policy IS a path to economic and climate security

  4. Speedy Timeline • House E&C Comm. by end of May • Pass House by August recess • Senate: multi-committee process with reports by July 4 recess • Pass Senate in September • Conference in October (November) • Signature by COP 15

  5. ACES WILL BOOST OUR ECONOMY • According to NEMS-NRDC, ACES will drive an additional investment of $306 billion in low- or no-emissions electricity generation technologies between 2012 and 2030, which includes $103 billion redirected from conventional fossil-fuel generation. ACES will also drive $32 billion of additional investment to increase the efficiency of residential and commercial equipment. • Clean energy investments create more jobs for Americans of all skill and education levels than comparable investments in fossil-fuel energy sources • The Political Economy Research Institute (PERI), and independent unit of the University of Massachusetts, found that clean energy investments • Create 3.2 times as many jobs as fossil fuel investments • Create 5.5 times as many jobs for workers with few educational credentials or work experience, and 75% of those jobs provide opportunities for advancement • Recent UC Berkeley analysis finds ACES would produce 0.9-1.9 million additional jobs in 2020 - 3 -

  6. ACES IS AFFORDABLE INCREASE IN AVERAGE 2012-2030 MEDIAN ANNUAL INCOME PER HOUSEHOLD FROM 2009 LEVELS AND AVERAGE ANNUAL COST PER HOUSEHOLD VS. BAU OVER 2012-2030 Comparing EPA, EIA, and NEMS-NRDC results, the estimates for average annual household cost of ACES range from $52 to $92, which translates to $0.14 to $0.25 per household per day. Meanwhile, median annual income levels per household over 2012-2030 under ACES are expected to be, on average, $4,700 to $5,500 higher than 2009 levels. - 4 -

  7. ACES WILL MAKE AMERICA MORE SECURE (1/2) CARBON DIOXIDE CAPTURED FROM ELECTRICITY GENERATION TECHNOLOGIES WITH CCS IN 2020 AND 2030 - 6 -

  8. ACES WILL MAKE AMERICA MORE SECURE (2/2) DOMESTIC AND IMPORTED CRUDE OIL AND REFINED PRODUCTS CONSUMPTIION FROM 2010 TO 2050, IN MARKAL At today’s oil prices, the cumulative value of these reduced oil imports through 2050 will be more than $2 trillion, significantly boosting the benefit of ACES to the U.S. economy. - 7 -

  9. Some Important Climate Players • Senate— • “3 B’s”: Boxer; Bingaman; Baucus • Other Committees: Ag; Banking; For. Relations; Appropriations • Others: Reid; Corker; McConnell; Lugar; Specter • House— • Waxman; Markey; Pelosi; Barton; Shimkus

  10. Some Important NEW Players • Kerry-Graham-Lieberman effort • Cantwell-Collins • Murkowski

  11. Architecture Issues • Auction • Investments v. Rebates • Offsets • Trading Limits • Safety Valve • Targets • Clean Air Act and State Authority

  12. Sen. Whitehouse, RI Sen. Warner, VA Sen. McCaskill, MO THE PATH TO 60 VOTES Vote Count Yes 31 + Probably Yes 13 + Fence Sitters 21 TOTAL: 65

  13. THE PATH TO 60 VOTES Democrats Republicans 31 Yes 2 Probably Yes 11 Probably Yes 6 Fence Sitters 15 Fence Sitters 57 8 Bipartisan Strategy TOTAL: 65

  14. THE PATH TO 60 VOTES 1 Dem, 1 Republican 1 or 2 Dems 1 Republican Fence Sitters 2 2 2 2

  15. THE PATH TO 60 VOTES COST COMPETITIVENESS COAL OIL & NUCLEAR Issues in Play AGRICULTURE

  16. THE PATH TO 60 VOTES COST Vote Count: 50 • Direct utilities to use allowances for public benefit • Protect the poor through a rebate program • Implement energy efficiency measures to lower monthly electricity bills

  17. THE PATH TO 60 VOTES COMPETITVENESS Vote Count: 54 • Direct allowances to energy-intensive, trade-exposed manufacturers • Provide assistance to make manufacturing more energy efficient • Impose a boarder adjustment if other countries fail to take action

  18. THE PATH TO 60 VOTES COAL Vote Count: 61 • Keep coal in the system by offering incentives for carbon capture and storage • Ensure costs do not increase excessively for coal dependent utilities

  19. Conrad Dorgan Byrd Rockefeller The Power of Coal Brown Bayh McCaskill Johnson Levin Stabenow Nelson, B. Webb Salazar Bingaman Pryor Lincoln

  20. Coal and the Senate

  21. THE PATH TO 60 VOTES AGRICULTURE Vote Count: 63 • Offset system will generate revenue for farmers • New opportunities to profit from renewable energy sources like solar, wind and biomass energy • Promote energy efficiency measures to benefit farmers

  22. THE PATH TO 60 VOTES OIL & NUCLEAR Vote Count: 65 • Worker training • Loan guarantees • Direct subsidies for new plants? • OCS, revenue sharing

  23. Diverse Voices Represented Member Organizations:

  24. Thank You David Hawkins NRDC dhawkins@nrdc.org

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