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Impact of Proposed Clean Air Legislation on Energy Security and Economic Stability

Author: United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Economic Stabilization
Publisher:
ISBN:
Category : Air
Languages : en
Pages : 626

Book Description

Impact of Proposed Clean Air Legislation on Energy Security and Economic Stability

Book Description

Impact of Prosposed Clean Air Legislation on Energy Security and Economic Stability

Book Description

Impact of Proposed Clean Air Legislation on Energy Security and Economic Stability

Book Description

Clean Air Act and Jobs

Author: United States. Congress. Senate. Committee on Environment and Public Works. Subcommittee on Clean Air and Nuclear Safety
Publisher:
ISBN:
Category : Air
Languages : en
Pages : 120

Book Description

The Once and Future Clean Air Act

Author: Nicholas Bryner
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

Book Description
The Clean Air Act is one of Congress' greatest success stories--a major piece of legislation, passed in the context of environmental and public health crises, that has driven technological change through regulation that has dramatically improved air quality even in a prolonged period of economic growth. However, in the context of climate change, despite many efforts since the 1990s, the Clean Air Act has not proven to be a successful legislative tool, due to complex obstacles in the statutory language and a trend in Supreme Court jurisprudence--leading up to and including the June 2022 decision in West Virginia v. EPA--that is skeptical of administrative agency authority.Then, in August 2022, the Inflation Reduction Act (IRA) broke through the congressional logjam. The IRA is the most significant piece of climate legislation in U.S. history, with a commitment of $369 billion in spending on energy security and climate change programs over the next decade. Research groups have estimated that the Act will result in major reductions in U.S. greenhouse gas emissions--nearly 40 percent below 2005 levels. The IRA is spending bill, not a regulatory one, reflecting a highly constrained legislative environment in which filibuster rules and partisan intransigence mean that policy-by-spending is the only feasible option, not only for environmental issues but a broad range of social programs and priorities. Yet the IRA--despite these characteristics and the legislative and judicial context--will have important regulatory consequences.The Clean Air Act gives the Environmental Protection Agency (EPA) statutory authority to set strict standards that are, in part, based on a determination of what clean technologies are already available--through the “adequately demonstrated” standard in Section 111 and other requirements to balance environmental benefits with cost and/or technological feasibility. As the IRA works to lower costs and increase the market share of clean energy technologies, EPA will, by the end of the 2020s, be able to promulgate stronger technology-based standards--both more stringent in nature and more legally secure--than would otherwise be the case. Despite the limitations of spending policy, the IRA can play an important role in bringing about an effective energy transition, allowing the EPA to return to the original idea of “technology forcing” in the Clean Air Act and consolidate, through prescriptive regulation, the technological advances ushered in by federal spending programs.

National Energy Policy

Book Description

Clean Air Act

Author: United States. Congress. Senate. Committee on Environment and Public Works. Subcommittee on Clean Air, Climate Change, and Nuclear Safety
Publisher:
ISBN:
Category : Technology & Engineering
Languages : en
Pages : 160

Book Description

Reliable, Affordable, and Environmentally Sound Energy for America's Future

Author: United States. National Energy Policy Development Group
Publisher: Group Publishing (Company)
ISBN:
Category : Political Science
Languages : en
Pages : 176

Book Description

The Impact of Clean Air Amendments on U.S. Energy Security

Author: Henry Lee
Publisher:
ISBN:
Category : Air
Languages : en
Pages : 43

Book Description

Impact of Climate Risk on the Energy System

Author: Amy Myers Jaffe
Publisher: Council on Foreign Relations Press
ISBN: 9780876097731
Category : Political Science
Languages : en
Pages : 88

Book Description
Climate change affects virtually every aspect of the U.S. energy system. As climatic effects such as rising seas and extreme weather continue to appear across many geographies, U.S. energy infrastructure is increasingly at risk. The U.S. Gulf Coast--which is home to 44 percent of total U.S. oil refining capacity and several major ports--is highly vulnerable to flooding events and dangerous ocean surges during severe storms and hurricanes. The link between water availability and energy and electricity production creates another layer of risk to U.S. energy security. Climate risk could manifest not only in physical damages, but also in financial market failures. Climate change-related challenges could impede energy firms' access to capital markets or private insurance markets. Already, climate-related risks have created severe financial problems at a handful of U.S. energy firms, forcing them to interrupt their sales of energy to consumers in particular locations. Over time, climatic disruptions to domestic energy supply could entail huge economic losses and potentially require sizable domestic military mobilizations. The United States is ill prepared for this national security challenge, and public debate about emergency preparedness is virtually nonexistent. To explore the challenges of climate risk to the U.S. energy system and national security, the Council on Foreign Relations organized a two-day workshop in New York, on March 18 and 19, 2019. The gathering of fifty participants included current and former state and federal government officials and regulators, entrepreneurs, scientists, investors, financial- and corporate-sector leaders, credit agencies, insurers, nongovernmental organizations, and energy policy experts. During their deliberations, workshop participants explored how climate-related risks to U.S. energy infrastructure, financial markets, and national security could be measured, managed, and mitigated. Impact of Climate Risk on the Energy System summarizes the insights from this workshop and includes contributions from seven expert authors delving into related topics.