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Slide 1: Clean Energy Policy & Green Buildings Green Roundtable Boston, MA February 20, 2008 Progressive Ideas for a Strong, Just and Free America
Slide 2: Climate & Energy Policy Is Changing Fast Energy Bill Passed • Green Jobs Act Important Renewables Legislation is on the Table Climate Legislation is Moving in House & Senate Stimulus and Infrastructure are going green The terms of debate are changing…
Slide 3: Discussion of the Environment is Changing too Green is becoming an organizing principle for all policy Focus on investment and reconstruction Economic security linked to energy independence Green Jobs Acts: Economic opportunity & equity National security being linked to renewables policy Policy driven market creation is becoming accepted Solving Global Warming means Rebuilding Everything Green Building is increasingly relevant to all policy
Slide 4: Energy Bill of 2007 1. CAFÉ Standard (+40% to 35 MPG by 2020) 2. Renewable Fuel Standard (36B Gal. by 2022 / 21B advanced) 3. Appliance and Lighting Efficiency (-30% by 2014 / -65% by 2020) 4. Building Efficiency (Goal of 0 net energy commercial by 2030) 5. Federal Buildings (all - 30% by 2015 / new -100% by 2030) 6. Green Jobs Act (125 Million for training in ee and renewables) 7. Energy Efficiency and Conservation Block Grants (2B, 5 yrs.) 8. Carbon Capture and Storage & Smart Grid Research
Slide 5: Key Renewable Energy Provisions Dropped Federal Renewable Electricity Standard • 15% of all electricity from renewables • Would have saved $35B through 2030, 41k Jobs • Cut 121M metric tons CO2 Renewable Energy & Conservation Tax Act • 9B in tax incentives / 13.5B Oil Subsidy Rollback • Investment Tax Credit (for Solar & Geothermal) • Production Tax Credit (for Wind & Biomass) • 4K Energy Efficiency Prperty Tax Credit
Slide 6: Action on Climate: Coming Soon… Lieberman Warner voted out of committee • Flawed but strong bill, getting serious consideration • 65 to 70% reductions from 2005 by 2050 (not enough) • Significant free allocations = windfall to polluters • Auctions: 26.5% in 2012, 41% in 2022, 69.5% in 2031 • No performance standards on new coal This is the warm up for a serious bill in 2009 Pricing Carbon & Auctions = $50 to $300B / Year Climate bill + real energy policy = major change for cities. More on Horizon -- Stimulus & Infrastructure going green!!
Slide 7: States and Cities are Leading the Way 36 States have climate action plans 17 States have GHG reduction targets Over 1/2 of all states have RPS laws Many over 20% renewables (CA, OR, NV, NM, IL…) KA, NV, FL, TX, new battle grounds for coal plants 3 Regional Cap and Trade programs • RGGI, Western Climate Initiative, Midwest Regional Accord Over 700 Mayors - US Mayors Climate Protection Agreement • Task now is to implement agreements = green development
Slide 8: Local Initiatives are Breaking New Ground Washington DC Experience (Just one example…) • Green Building Law • Moving to the Space Between the Buildings • Looking at Economic Development Pipeline (LSDBEs) • Job Training & Green Collar Jobs (Advisory Council) • Infrastructure (Storm Water, eg.) • Green Team created by Mayor to cut across agencies • Community Action (Ward 8 Green Jobs Fair) Organizing gets results, and builds local markets for green!
Slide 9: Clean Tech and Green Building = Investment Wind Power is growing: $17.9B in 2006 to $60.8 B in 2016 Solar PV is growing: $15.6B in 2006 to $69.3 in 2016 3 largest IPO’s in 2005 were all solar companies 4 largest clean techs will grow (4x) to $226.5B in 2016 Green as a sector: • 5.3 million jobs • $341B in sales & $47B in tax revenue • 3x Chemicals, 10x Pharmaceuticals • Larger than biggest Fortune 500 company
Slide 10: Green = Jobs, Growth, and Economic Security Renewables and EE = 2x the jobs of fossil fuel 25% renewables = $700B for US Farmers Renewable Energy and Efficiency • will create 8.5 million jobs (MISI/ASES) • $970B industry revenue EE is the most cost effective energy source and creates the greatest local investment and job creation. Clean energy politics is a winner if it can be mobilized Positive jobs focus brings new partners to the table…
Slide 11: In Conclusion The environmental debate has changed Green building has much to gain from this shift Green building has much to teach these new approaches We need a broad based movement - more than green… We are being offered a new political moment It is time to organize and build on political support The scale of the challenge is enormous, but so is the scale of the opportunity. What do we want to build ???
Slide 12: Bracken Hendricks, Senior Fellow Center for American Progress 1333 H Street, NW. 20005 Phone: 202-481-8227 bhendricks@americanprogress.org