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Blog posts : "markey"

Energy Update, June 18, 2008

June 5, 2008
In The States

CA
– Supporters of an alternative energy ballot initiative have gathered enough signatures to put it on the ballot this fall, and has been certified by the Secretary of State. Initiative 07-0066 will require the state’s utilities to generate 20% of their power from alternative energy by 2010, 40% by 2020, and 25% by 2050. Four more measures make fall ballotSacramento Bee (free registration required)

FL
– New solar plants are being proposed in Florida in response to high fuel costs. One utility in the state is attempting to build a new solar concentration plant which would become the largest in the state, creating 75 megawatts. This is still significantly less power than is created with traditional power plants. Other projects include traditional solar cell plants, creating a total of 35 megawatts. FPL seeks OK for large solar plant in Martin, with 2 more in wingsPalm Beach Post

MN –
A new law in Minnesota requires that all diesel sold in the state be made up of a blend of 80% regular diesel and 20% biodiesel by 2015. There are a series of steps, however, that must be met before that happens. Every three years, the legislature must approve of an increase in biodiesel blend, first to 5% (up from the current 2%) in May 2009, then to 10% and then 20%. The legislature will determine whether to raise the biodiesel mandate by evaluating supply and demand of the product. Also, 5% of the fuel must come from non-traditional resources such as algae or waste oil. Minnesota Passes B20 MandateRenewableEnergyWorld.com

UT
– State Department of Environmental Quality Director Rick Sprott is distributing a plan to help Utah lower its carbon emissions while not creating new restrictions or mandates on businesses or individuals. Sprott used examples of greater efficiency, such as in autos or coal plants, and iterated that the plan is not a mandate, but is only to guide future policy decisions. State setting greenhouse gas goalsDeseret News

National News


The US Senate has voted to debate the Climate Security Act legislation (S. 3036) which would impose a cap-and-trade system on emissions which contribute to global warming. The first day of debate focused on the cost of implementing the bill, a major concern in the veto threat. Talks quickly broke down, however, when Majority Leader Harry Reid moved to introduce Sen. Barbara Boxers substitute amendment. To protest a different issue, Minority Leader Mitch McConnell asked that the bill be read aloud, causing a four-hour wait before talks could begin again. Senate Republicans also expressed concern at the speed with which the bill was moving, saying that the importance of the legislation requires lengthy debate and many amendments.
Senate moves ahead on climate billCQ.com (subscription) and Statement of administration policyExecutive Office of the President and Senate debate on climate legislation stallsCQ.com (subscription)

A bi-partisan majority passed legislation in the US House (HR 6049) that would both create new and extend existing tax breaks totaling over $55 billion for individuals, businesses, and energy producers. Thirty-five House Republicans and all but one Democrat voted for the bill. Many Republicans opposed it because it does not extend the Alternative Minimum Tax patch and it includes pay-go provisions. The bill includes billions in tax relief for renewable energy production which, if nothing is done, would expire at the end of 2008. If signed into law, the tax incentives would expire at different times: wind energy production incentives would expire in 2009 while solar, geothermal, and other clean energy production tax breaks would expire at the end of 2011. Tax breaks for homeowners who install solar technology would be extended to 2014. Other uses for this money include projects for carbon capture, energy efficiency, and conservation, and various tax breaks and credits for education and homeowners. This tax break is not offset by a reduction in tax breaks for oil and gas companies, making it potentially more appealing to the Senate.
House votes to extend tax breaks to individuals, businessesCQ.com (subscription) and House-passed legislation to extend tax breaks faces uncertain future - CQ.com (subscription) and US House passes renewable energy tax credit extension billrenewableenergyworld.com and Summary of H.R. 6049: Renewable Energy and Job Creation Act of 2008 (pdf)US House Ways and Means Committee

After dozens of hearings as chair of the House Select Committee on Energy Independence and Global Warming, and a year of crafting legislation, Sen. Edward Markey will introduce a cap-and-trade bill next week which would decrease American carbon emissions even more than the Lieberman-Warner legislation. The new bill would cut greenhouse-gas emissions by 85% by 2050, auction nearly all pollution credits, and use half of the estimated $8 trillion in proceeds to subsidize energy costs for low- and middle-income households and the other half to promote alternative energy.
Markey unveils sweeping new global warming billBoston Globe and Markey unveils sweeping climate change legislationPolitico and Executive summary of Rep. Markey’s climate legislation (pdf)Congressman Markey’s Website

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