Renewable Energy Policy and Markets Metropolitan Washington Council of Governments June 22, 2005 Carol Werner, Executive Director Environmental & Energy Study Institute 122 C St. NW, Suite 630 Washington, DC 20001 Phone: (202) 662 -1881 Fax: (202) 628 -1825 www. eesi. org 1
Environmental & Energy Study Institute (EESI) Seeking Innovative Environmental and Energy Solutions l l l l Dedicated to promoting sustainable societies through innovative policies on energy, climate, transportation, agriculture, and smart growth Founded in 1984, by a bipartisan Congressional Caucus Provides timely information regarding science, policy, and technologies Organizes ~20 Congressional briefings a year Builds coalitions and networks Publishes 3 electronic newsletters EESI Associates Program allows companies and individuals to participate 2
Changing Policy Landscape – Local and State Actions l l l l Nineteen states have Renewable Portfolio Standards (RPS) Texas considering strengthening its RPS, California considering accelerating its RPS timetable Fifteen states have Public Benefit Funds (PBF) for renewable energy 165 Mayors calling for action on climate change, Climate Protection Agreement endorsed by US Conference of Mayors. West Coast Governors’ (WCG) Global Warming Initiative sets goal for west coast states to become “global leaders in the development of renewable energy and energy efficient technologies” Western Governors’ Association (WGA) – 18 states joined by tribal groups, Mexican border states, and Canadian provinces – goal to develop 30, 000 MW of clean energy by 2015 and a 20 percent improvement in energy efficiency by 2020. Northeast Regional Greenhouse Gas Initiative (RGGI) program design underway – nine states New England governors and Eastern Canadian Premiers Climate Change Action Plan began August 2001 – six states and six provinces 3
Renewable Portfolio Standards in 19 States May 2005 ME: 30% by 2000 NY: 24% by 2013 MN: 1, 125 MW wind by 2010 MA: 4% by 2009 + 1% annual increase WI: 2. 2% by 2011 IA: 105 MW CA: 20% by 2017 RI: 15% by 2020 CT: 10% by 2010 *NJ : 6. 5% by 2008 *NV: 15% by 2013 *CO: 10% by 2015 *PA: 18%¹ by 2020 *MD: 7. 5% by 2019 *DC: 11% by 2022 *AZ: 1. 1% by 2007 *NM: 10% by 2011 HI: 20% by 2020 State RPS Non-punitive goal TX: 2, 880 MW by 2009 *Minimum requirement and/or increased credit for solar ¹ PA: 8% Tier I, 10% Tier II (includes non-renewable sources 4 Source: North Carolina Solar Center and IREC
Public Benefit Funds for Renewable Energy in 15 States $4 Billion by 2017 CA - $135 mil. /yri CT - $30 mil. /yr DE - $1. 5 mil. /yr IL - $50 mil. /10 yrsii ME - ~$100, 000* MA - $150 mil. /yr (over 5 yrs. ) MN - $16 mil. /yr MT - $14. 9 mil. /yriii NJ - $69 mil. ** NY - $208 mil. /5 yrsiv(R&D) OH - $100 mil. /10 yrs. v OR - $10 mil. /yr. PA - Utility level Sustainable Energy Funds RI - ~$3 mil. /yrvi WI - ~$2. 5 mil. /yr*** iexpires **6 months, Jan-June 2004, $358 mil. From 2001 -2003 ivexpires 6/30/06 vexpires 2011 viup for review 2006 ***varies per yr. , $RE is 4. 5% of $EE collected 1/1/07 iiexpires in 2007 *dependent on voluntary contributions iiiexpires 12/31/05 5
Federal Policies: 2005 Senate Finance Committee Tax Package l Extends Section 45 Renewable Production Tax Credit (PTC) three years to 12/08. l Drops solar PTC and adds solar Investment Tax Credit (ITC). l Creates 30% ITC for residential solar hot water, photovoltaics, and fuel cells. Capped at $2000 for solar. l Increases business solar ITC from 10% to 30%. l PTC for wind and closed-loop biomass, for eligible producers, will continue for 10 years. PTC for geothermal, open-loop biomass, small irrigation hydropower and MSW will last for 5 years. Adds fuel cell PTC for 5 years. l The JOBS Bill created volumetric excise tax credits for ethanol and biodiesel. Tax package expands credit to other alternative fuels, including all biomass-derived fuels. l Extends biodiesel tax credit four years through 2010. 6
Federal Policies: 2005 Renewable Portfolio Standard (RPS) l l Sen. Bingaman (D-NM) offered an amendment for an RPS of 10% renewable power by 2020 (passed Senate 52 -48) Sens. Kerry (D-MA) and Jeffords (I-VT) have filed an amendment for a RPS of 20% renewable power by 2020. Renewable Fuels Standard (RFS) l l 5 B gallon RFS by 2012 (approved in House Energy bill) 8 B gallon RFS by 2008 in Senate Energy bill Renewable Resource Assessment l $10 million/yr in the House and Senate Energy Bills Diesel Emission Reduction l Biodiesel is an eligible fuel in the Diesel Emissions Reduction Act of 2005, which funds diesel emission reduction strategies. 7
Federal Policies: 2005 Other Biofuel Incentives l Sen. Obama (D-IL) introduced the E-85 Incentives Act (S. 918) as an amendment to transportation bill, passed Senate May 17 l Rep. Kaptur (D-OH) amendment to require the Department of Defense to conduct a study on the use of biodiesel and ethanol fuels by the armed forces and defense agencies adopted in National Defense Authorization Act for FY 2006 (HR. 1815) Agricultural Appropriations l House approved full $23 million for Sec. 9006, on floor June 2005. l Full funding to the Sec. 6401 Value-Added Producer Grant Program was restored to $40 million on the House floor Energy & Water Appropriations for EERE l House recommendation for DOE EERE FY 06 is $25. 4 million above request, but $23. 1 million below FY 05 enacted. 8
Changing Policy Landscape - State Sample of State Actions l l l Minnesota Governor Tim Pawlenty signed into law a statewide mandate for 20 percent ethanol use on May 10, 2005, up from the existing 10 percent requirement. Washington Governor Christine Gregoire signed into law SB 5101 to provide a 15¢ per kilowatt-hour incentive for small scale renewable energy producers using solar, wind, or anaerobic digester technology. ( May 10, 2005) Montana Governor Brian Schweitzer signed the State’s first biofuels mandate for a ten percent ethanol blend in all gasoline sold by 2006. North Dakota Governor John Hoeven signed a number of bills on April 22, 2005, including incentives for ethanol production include $3. 25 million for new and existing ethanol plants in the State, $1. 35 million for the expansion of existing plants, and a 20¢ per gallon tax credit for retail sales of E 85 (HB 1478), and (SB 2281) allowing ethanol and biodiesel plants to earn a 30 percent investment tax credit. Indiana Governor Mitch Daniels signed the biofuel bill, HB 1032, on April 1, 2005 which instructs the state government to run all state agency vehicles on bio-based fuels, such as biodiesel, ethanol, or gasohol, when possible. 9
Changing Policy Landscape – New Technologies and Public Awareness Plug-in Hybrid Vehicles l Plug-in hybrid vehicles can charge batteries using off-peak base-load power, such as geothermal. When used with biofuels these can drastically reduce imported oil demands while cleaning the air. 10
For more information Contact: Carol Werner (202) 662 -1881 cwerner@eesi. org or Fred Beck (202) 662 -1892 fbeck@eesi. org www. eesi. org 11
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