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Senators Sanders, Boxer propose legislation to institute GHG price on large stationary sources and remove support for fossil fuel industries

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The legislation also proposes numerous actions against financing and support for fossil fuel industries. Among the financing provisions of the legislation are: Price on carbon. trillion in revenue over 10 years and reduce GHG emissions by approximately 20% from 2005 levels by 2025. Bernie Sanders (I-Vt.)

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DOE releases draft of $8B loan guarantee solicitation for advanced fossil energy projects

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The Advanced Fossil Energy Projects solicitation, authorized by Title XVII of the Energy Policy Act of 2005 through Section 1703 of the Loan Guarantee Program, will be open for comments from industry, stakeholders, and the public until early September. The program is part of President Obama’s climate action plan. Earlier post.).

Energy 199
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Obama Announces Steps to Boost Biofuels, Clean Coal; RFS2, BCAP, BIWG and Carbon Capture and Storage Task Force

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First, the Environmental Protection Agency (EPA) finalized the Renewable Fuel Standard Program (RFS2) rule to implement the long-term renewable fuels standard of 36 billion gallons by 2022 established by Congress and also issued the targets for 2010. Percent reduction from 2005 baseline). Renewable fuel. Advanced biofuel.

Obama 218
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Report from the REFF-Wall Street; Themes in Renewable Energy Finance

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Green Car Congress attended the Renewable Energy Finance Forum - Wall Street (REFF-Wall Street) conference (23-24 June) sponsored by Euromoney Energy Events and the American Council on Renewable Energy (ACORE). Renewable energy projects are frequently financed with project rather than corporate finance. by Bill Cooke.

Financing 150
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DOE issues solicitation for up to $8B in loan guarantees for advanced fossil energy projects

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Authorized by Title XVII of the Energy Policy Act of 2005, loan guarantees under this new solicitation will help provide critical financing to support new or significantly improved advanced fossil energy projects.

Energy 218
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LanzaTech Produces 2,3-Butanediol from Waste Gases; Building Block for Polymers, Plastics and Hydrocarbon Fuels

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However, LanzaTech’s process uses nonfood, low-value gas feed stocks, including industrial waste gases such as those produced by steel mills, oil refineries, coal manufacturing, syngas from landfill-waste and reformed natural gas. Holmgren joined LanzaTech in June.). Earlier post.).

Polymer 199
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Senators Kerry and Lieberman Release Details of Energy and Climate Bill; Incentives for Electric Drive and Natural Gas Vehicles

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The American Power Act, released as a discussion draft, targets reducing greenhouse gas (GHG) emissions by at least 4.75% compared to 2005 levels by 2013; by at least 17% compared to 2005 levels by 2020; by at least 42% compared to 2005 levels by 2030; and by at least 83% compared to 2005 levels by 2050.