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Tags: American Clean Energy Act, Biofuel, BP, Department of Energy, Edward Markey, EPA, Ethanol, Henry Waxman, Obama, Renewable Fuel Standard, Steven Chu, Steven Koonin
Categories : Biofuel, Environment, Ethanol
According to the American Clean Energy Act of 2009, financial support will be offered to companies if they promote biofuels and/or the use of electric cars. This is good news for ethanol because it is a type of biofuel.
Ethanol Producer Magazine
Furthermore, the Environmental Protection Agency raised the renewable fuel standard, which designates the minimum requirement of renewable fuel per gallon of gasoline, to 10.21 percent for 2009. This is a 24 percent increase from the 2008 standard of 7.76 percent.
This initiative is not surprising considering President Obama’s recent nominations for two specific positions within the Department of Energy.
From left, Steven Chu and Steven Koonin at Berkeley
Steven Koonin was appointed to the position of Undersecretary of Science by President Obama on March 23. He had been the Chief Scientist at BP since 2004 where he researched renewable and alternative fuels.
Steven Chu was sworn in as Secretary of Energy in January by the Obama Administration. Chu won the Nobel Prize in Physics in 1997. “Both Chu and Koonin previously collaborated on biofuel research through a BP partnership with academia.”
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Tags: Cap and Trade, Carbon Emissions, Council on Environmental Quality, Edward Markey, Global Warming, Henry Waxman, Nancy Sutley, Obama
Categories : Climate Change, Coal, Environment
WASHINGTON DC — At a carbon market conference on Tuesday Nancy Sutley, chairperson of the Council on Environmental Quality, emphasized last week’s bill from Henry Waxman (D-Calif.) and Edward Markey (D-Mass.) and the regulations it placed on carbon cap-and-trade allowances. She said the energy goals of the bill were inline with those of President Obama.
Nancy Sutley, Chairperson for the Council on Environmental Quality
“In setting out this agenda, the administration has signaled … that the United States is ready to assume leadership in helping to bring the world together to reduce our greenhouse gas emissions,” Sutley said. “It will also encourage the development and deployment of the clean-energy technologies that will be critical to address climate change, enhance energy security and create jobs that can’t be outsourced.”
The draft of the American Clean Energy and Security Act of 2009, introduced by Waxman and Markey, called for a 20 percent decrease in the nation’s greenhouse gas emissions based on 2005 levels, to be achieved by 2020, and an 83 percent cut seen by mid-century.
However, the Waxman-Markey draft did not address how companies will receive their carbon credits. But, Obama said he would like companies to purchase all of their credits at an auction, instead of just being handed them. This would raise hundreds of billions of dollars to fund clean energy programs and give tax breaks to greener companies. But some, including big polluters, say the costs of 100 percent auctions would be too great.