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Obama climate plan calls for new fuel economy standards for heavy-duty vehicles post-2018; cleaner fuels and investment in advanced fossil energy

Green Car Congress

Among the transportation-related elements of US President Barack Obama’s new climate action plan, which he is outlining today in a speech at Georgetown University, is the development of new fuel economy standards for heavy-duty vehicles post-2018. Preparing the US for the impacts of climate change. Earlier post.).

Obama 249
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US and China jointly announce GHG reduction targets; US to cut net GHG 26-28% by 2025, China to peak CO2 by ~2030

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US President Barack Obama said the US will cut net greenhouse gas emissions in the US by 26-28% below 2005 levels by 2025. The Administration said the United States will submit its 2025 target to the Framework Convention on Climate Change as an “Intended Nationally Determined Contribution” no later than the first quarter of 2015.

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Obama Administration Announces $8.33B in Loan Guarantees for New Nuclear Power Reactors in Georgia; First New US Nuclear Power Plant Project in Nearly 3 Decades

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President Obama announced that the Department of Energy has offered conditional commitments for a total of $8.33 To meet our growing energy needs and prevent the worst consequences of climate change, we need to increase our supply of nuclear power and today’s announcement helps to move us down that path. —President Obama.

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President Obama Asks Congress for Carbon Cap Legislation; to Spend $15B per Year on Energy Technologies

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We invented solar technology, but we’ve fallen behind countries like Germany and Japan in producing it. But to truly transform our economy, protect our security, and save our planet from the ravages of climate change, we need to ultimately make clean, renewable energy the profitable kind of energy.

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EPIC: state-level renewable electricity mandates increase electricity prices up to 17% over 12 years; cost more expensive than benefit

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As states take the lead in confronting climate change, a flagship policy is often Renewable Portfolio Standards (RPS). The Obama Administration’s central estimate of the SCC would be approximately $50 per ton in today’s dollars.

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$3.8 Trillion FY 2011 US Budget Proposal Boosts Department of Energy Spending

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President Obama today transmitted the proposed $3.8-trillion 302 million for solar energy. 123 million for wind energy. Solar energy. Wind energy. trillion FY 2011 Budget to the US Congress. increase over FY 2009 actuals and a 7.4% Among the funding highlights of the DOE budget are: Nearly $2.4 Hydrogen technology.

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Secretary Moniz dedicates new supercomputer at NETL to support fossil energy research

Green Car Congress

In his remarks at NETL, Secretary Moniz said: In the last four years, we’ve more than doubled renewable energy generation from wind and solar power. However, coal and other fossil fuels still provide 80 percent of our energy, 70 percent of our electricity, and will be a major part of our energy future for decades.

Energy 170