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GLOBAL WARMING POLLUTION REDUCTION ACT, S. 309

Final Briefing Presented by: Noura Bakkour Team: John Battaglia, Kelsey Bennett, Connie Chao, Tara Jordan, Heather Matheson, Samantha Miller, Erin Morey, William Murray, Harmony Patricio, Kyle Smith, Sofia Trevino-Heres Advisor: Dr. Steve Cohen. GLOBAL WARMING POLLUTION REDUCTION ACT, S. 309.

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GLOBAL WARMING POLLUTION REDUCTION ACT, S. 309

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  1. Final Briefing Presented by: Noura Bakkour Team: John Battaglia, Kelsey Bennett, Connie Chao, Tara Jordan, Heather Matheson, Samantha Miller, Erin Morey, William Murray, Harmony Patricio, Kyle Smith,Sofia Trevino-Heres Advisor: Dr. Steve Cohen GLOBAL WARMING POLLUTIONREDUCTION ACT, S. 309 November 28, 2007

  2. Agenda • What is global warming? • What are the sources of greenhouse gas emissions? • How will S.309 address the problem? • What are the program’s long term targets? • What will happen in the program’s first year? • Who will do the work? • How much will it cost the government? • How will we know that the work will be done? • What do we need to do in the first year? • Conclusions • Questions?

  3. What is global warming? 3 “Greenhouse gases are accumulating in Earth’s atmosphere as a result of human activities, causing surface air temperatures and subsurface ocean temperatures to rise.” – Climate Change Science, U.S. National Academy of Sciences, 2001

  4. What are the sources of greenhouse gas emissions? 4 US Emissions by Sector, 2006 • The US emits more greenhouse gases than any other country • Electric power generation and transportation make up 68% of CO2 emissions Data: EIA DOE

  5. How will S.309 address the problem? • The Aim: Cut Greenhouse Gas Emissions Incrementally • Cut to 1/3 of 80% of 1990 Levels by 2030 (4,577 Mt) • Cut to 2/3 of 80% of 1990 Levels by 2040 (2,913 Mt) • Cut to 80% of 1990 Levels by 2050 (1,248 Mt) • Maintain Temperature Increase under 3.6° F • The Means: Standards, Programs, and Technology • Vehicle Emissions Standards • Renewable and Clean Energy Requirements • Cap-and-Trade Programs • Carbon Sequestration • Research and Development

  6. What are the program’s long term targets? 6 2008: Establish emissions standards by sector Establish renewable & clean energy standards Establish R&D programs 2015: Power plants: Meet emissions standard 0.5% clean energy 2020: Power plants: 5% low-carbon generation 20% renewable 11.75% peak demand reduction 9% peak use reduction 2050: 80% of 1990 levels (1,248 Mt) Maintain temp under 3.6o F 2016: Vehicles to meet standards by weight class

  7. What will happen in the first year?

  8. Who will do the work? 8

  9. Who will do the work (continued)? 9

  10. How much will the program cost the government? 10 Total Budget: $8,850,520

  11. How will we know that the work will be done? 11 • Set annual CO2 reduction targets • Measure CO2 emissions by sector • Initiate program to invest research in the sources and causes of reduction • Provide annual progress report to EPA Program Director

  12. What do we need to do in the first year? Create S.309 Working Group Hire and appoint personnel 4 full time positions; 3 part time positions Issue requests for proposals and Contract Consulting Firms Draft Regulations Agency staff will draft regulations with the support of contractor analytic staff Consultants will work in the first year to: Perform Policy and Impact Analyses Develop Renewable Energy program/Cap and Trade Framework Request Applications for Sequestration Grant Program Staff will develop and distribute requests for proposals (RFPs) and make initial grant awards 12

  13. Conclusions • S.309 proposed but not yet passed • Supporters: NGOs, many insurance companies, 609 mayors and municipal governments, and 19 senate co-sponsors • Opponents: conservative think tanks, some senators, and most significantly, the white house • Fair chance of passing after the change in administration in 2009, but not before then

  14. QUESTIONS? Thank you!

  15. (Bonus Slide!) What is a cap-and-trade program & why is it a good idea? The cap: The government sets a limit on emissions to a desired level and divides this into individual permits. The trade: Companies can buy and sell permits to achieve reductions cost-effectively. Firms that have a lower cost of pollution abatement will reduce emissions more; other firms can buy permits. Why it’s good: The system allows flexibility while guaranteeing that emissions will be reduced (unlike a tax), and saves money (unlike a strict regulation.) Example: Plant A=$50/ton Plant B=$25/ton

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