Energy Project December 14 2011 Outline 2 Overview of BPC and BPC Energy Project Current energy landscape Near and mediumterm energy drivers What is the bipartisan policy center ID: 174056
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Slide1
Bipartisan Policy Center Energy Project
December
14,
2011Slide2
Outline
2
Overview of
BPC and BPC
Energy Project
Current energy
landscape
Near and
medium-term
energy
driversSlide3
What is the bipartisan policy center (bpc
)?
3
Founded
in 2007 by former Senate Majority Leaders Howard Baker, Tom Daschle, Bob Dole and George Mitchell
.
BPC is the only Washington
, DC-based think tank that actively promotes
bipartisanship .
We
work to address the key challenges facing the nation.
Projects include Energy, Housing,
Health, National Security, Debt Reduction, Transportation, and Economic Policy.
We develop policy solutions
through rigorous analysis, reasoned negotiation, and respectful dialogue.
We combine
politically-balanced policymaking with strong, proactive advocacy and outreach.
Slide4
Overview of BPC’s Energy Project
4
Energy Board
Co-chairs: Former Senators Trent Lott and Byron Dorgan, former National Security Advisor General (ret) Jim Jones, and former EPA Administrator William Reilly.
Board (18 members) includes industry executives, scientists, former government and elected officials, economists, environmental representatives and labor leaders.
Will issue major
energy
policy report in late 2012.
Energy Project Staff
8 professional staff.
Support Board’s efforts.Facilitate other activities lead by bipartisan teams.Conduct staff-level analysis on range on energy topics. Slide5
ENERGY project 2012 and 2013 goals
5
Energy Policy.
Reframe
the national energy policy.
Natural Gas
. Assess
full impacts of expanded U.S. natural gas production.
Nuclear Energy.
Develop
policy options for nuclear energy.
Energy Incentives / Subsidies. Examine effectiveness of energy incentives/subsidies. Electric power and Grid. Develop options to improve reliability of the electric system. Innovation in Energy. Expand BPC’s energy innovation policy analysis. Slide6
Current energy landscape / Policy Related issues
6
Natural Gas:
Abundant
gas supplies; low prices.
Will it last? To what effect on U.S. energy mix? At what cost?
Can states and industry address environmental concerns?
Petroleum and liquids:
U.S
. output up; imports as % of energy demand down (recession + efficiency);
imports from “friends” up; prices high. Outlook for prices? How to achieve prices stability? Can U.S. further reduce dependency on oil? Coal: Abundant; relatively cheap; output down slightly; exports up; declining as percent of U.S. power generation . How is coal responding to regulatory challenges, aging infrastructure? Will U.S. fund clean coal projects?Renewables: Share of power generation small but growing; prices falling. Will this trend continue w/o government support? Energy Demand: Slow (partly recession related; partly due to structural change and efficiency). Is U.S. prepared for post-recession (U.S. and global) demand growth? Slide7
NEAR TERM energy policy
DRIVERS
7
Reduce debt; stimulate economy; create jobs; spur long-term economic growth
Implies less funding for science, R&D, grants, infrastructure
investments
All energy incentives/subsidies at
risk
Continued discussion on appropriate role of government in energy
.
Subsides / tax incentives / loan guaranteesRole of private /public sector in developing and deploying new technologies
EPA regulatory calendarCross State Air Pollution Rule (Transport Rule): Final 7/11, reconsideredAir Toxics Standards (Utility MATS): Proposed 3/11, Final expected 12/16/11GHG New Source Performance Standards: Proposal expected early 2012Cooling Water Intake §316(b): Proposed 3/11, Final expected 7/12 Coal Ash: Proposed 6/10, Notice of Data Availability 10/11, Final TBDIndustrial Boiler MACT: Final expected 4/12. 12/2 EPA released the re-proposed Industrial Boiler MACT.All can affect compliance costs and end-use prices, and raise reliability concerns. Slide8
Medium term DRIVERS
8
Increasing GHG emissions.
Increasing global competition for transportation fuels and electric power.
Maintaining R&D and innovation edge to provide low-carbon, reliable and relatively cheap energy.