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Schwartz, Swallow, and Wu Global Energy Consulting, Inc. The United States of America CLIMATE CHANGE POLICY Current Bush Administration Climate Change Policies •C U R R E N T P O L I C Y • Unilateral Reduction in Greenhouse Gas Emissions • Utilize market forces and tax incentives to encourage American businesses to reduce emissions and implement climate-conscious business practices. • Goal of 18% Reduction in U.S. Green House Gas (GHG) Intensity Rate in next decade • Increase Climate Change Related Research/Technology Spending to $4.5 billion U.S. Public Opinion: Climate Change • US government is “not doing enough” to address global warming and develop alternative energy sources & policy. • Americans believe we should be leading the world in clean, alternative energy. U.S. Public Opinion: Climate Change • Americans want freedom, self sufficiency and independence in our energy policies; • Americans want accountability. They want their leaders to show they will do the right thing, put money to good use and act accordingly themselves; • Americans want more investment in alternatives fuels; they see alternative energy as a path to economic growth and new jobs. The Challenge TRANSFORMING THE U.S. ECONOMY The high-carbon economy low-carbon economy, based on sustainable sources of energy The Centerpiece: Economic Opportunity THE FIVE RECOMMENDATIONS TOWARDS A NEW ENERGY OPPORTUNITY • A new energy outlook can be a boon for the economy. The Centerpiece: Economic Opportunity THE FIVE RECOMMENDATIONS TOWARDS A NEW ENERGY OPPORTUNITY • Implement an economy-wide cap-and-trade program for greenhouse gases The Centerpiece: Economic Opportunity THE FIVE RECOMMENDATIONS TOWARDS A NEW ENERGY OPPORTUNITY • Transform our transportation network • Increase vehicle fuel efficiency • Boost production and availability of low-carbon fuel-alternatives • Invest in low-carbon transportation infrastructure The Centerpiece: Economic Opportunity THE FIVE RECOMMENDATIONS TOWARDS A NEW ENERGY OPPORTUNITY • Overhaul our electricity industry by: • Improving the efficiency of energy production and use • Increasing production and consumption of renewable energy • Promoting the use of “advanced coal” through carbon capture-andstorage systems The Centerpiece: Economic Opportunity THE FIVE RECOMMENDATIONS TOWARDS A NEW ENERGY OPPORTUNITY • Create White House National Energy Council The Centerpiece: Economic Opportunity THE FIVE RECOMMENDATIONS TOWARDS A NEW ENERGY OPPORTUNITY • Lead by example.