Renewable Fuels, Consumer Protection, and Energy Efficiency Act of 2007. This is the final energy bill that was produced after negotiation among the White House, Senate, and House of Representatives. It incorporates elements of both H.R. 3221 and H.R. 6.
· Among other provisions, the bill establishes a renewable fuel standard, to reach 36 billion gallons by 2022, with 21 billion of those gallons to be from advanced biofuels. The bill mandates that renewable fuels produced from facilities that commence operations after enactment shall achieve at least 20% reduction in life cycle greenhouse gas (GHG) emissions, compared to gasoline. The bill also directs the President to establish criteria for a system of voluntary labeling of renewable fuels based on life cycle greenhouse gas emissions.
· The bill directs the Secretary of Transportation to increase Corporate Average Fuel Economy regulations to achieve a combined standard for passenger cars and light trucks of at least 35 miles per gallon by 2020. For model years 2021 through 2031, the Secretary would have to establish the "maximum feasible" standard for the fleet. In establishing the maximum feasible standard, the bill directs the Secretary to consider the emissions of GHGs over the lifecycle of the fuel and the resulting costs to human health, the economy, and the environment.
· The bill also authorizes funds to promote research in solar energy, biofuels, marine renewable energy, and geothermal energy, and authorizes funds for carbon capture and storage research, development, and demonstration.
· The bill contains provisions which direct each federal agency to annually inventory and report its GHG emissions, and requires the EPA to promulgate annual greenhouse gas (GHG) reduction targets for the total emissions of all agencies taken as a whole, for each fiscal year from 2010 through 2050.
· The bill requires the Secretary of the Interior to develop a methodology for assessing the nation’s capacity to store carbon dioxide in geologic formations. It also requires the Secretary to conduct an assessment of the amount of carbon stored in terrestrial, aquatic, and coastal ecosystems, including estuaries; and to determine the potential for increasing carbon storage in natural ecosystems.
· The Transportation and Infrastructure section of this bill, among other provisions, mandates the establishment of a Center for Climate Change and Environment within the Department of Transportation, which would plan, coordinate, and implement department-wide initiatives and research to reduce transportation-related energy use, mitigate the effects of climate change, and address the impacts of climate change on transportation and infrastructure.
· The Energy and Commerce section of this bill contains a number of energy efficiency provisions, among them: improving the schedule for consensus standards, updating appliance test procedures, new efficiency standards for lighting, residential boilers, industrial motors, washing machines, and dishwashers. The title also establishes new efficiency standards for power supplies and transformers for consumer electronic equipment.
· In addition, the bill mandates the creation of an Office of High-Performance Green Buildings, and sets out increased efficiency standards for federal buildings, as well as increased efficiency standards for state residential and commercial building codes. It also authorizes grants to support state implementation of green building codes.
· The bill also provides technical assistance and a revolving fund for implementing combined heat and power (CHP) systems and sustainable energy infrastructure. It contains a number of provisions promoting creation of a Smart Grid, and mandates the promulgation of a National Action Plan for Demand Response.
· The bill directs the President to establish a program to provide grants for research support to facilitate the development of sustainable markets and technologies to use woody biomass and other low carbon fuels, including research into methods of assessing and certifying the impacts of low-carbon fuels with respect to reductions in lifecycle GHG emissions, among other impacts.
· The bill also directs the Secretary of Energy to establish a grant program to encourage the production of advanced biofuels. It requires the Secretary to award grants to the proposals for advanced biofuels with the greatest reduction in lifecycle GHG emissions compared to the comparable vehicle fuel lifecycle emissions in calendar year 2007, with at least a 50% such reduction needed to be eligible.
· The bill amends the Clean Air Act to direct the Administrator of the EPA to work with the EPA to conduct 2 studies on the effects of increased domestic use of renewable fuels under this act, including an assessment and quantification of significant changes in GHG emissions, among others.
· Among other provisions, the bill directs the Secretary of Energy to conduct an applied research program for plug-in electric drive vehicle technology, including development of control systems optimized for reducing greenhouse gas emissions; it also directs the Secretary to establish a competitive program to provide grants for demonstrations of plug-in hybrid electric vehicles. As part of the criteria, applicants are required to record GHG emissions.
· The bill also amends the Energy Policy Act of 2005 to establish an Energy Efficiency and Renewable Energy Worker Training. It directs the Secretary of Energy to establish a competitive grant program for States to administer renewable energy and energy efficiency workforce development programs, and requires the Secretary to give priority to those States whose programs will be in line with meeting national and State goals for reducing GHG emissions, among other goals.
· The bill requires the Secretary of the Interior to develop a national assessment of the quantity of carbon stored in and released from terrestrial ecosystems, including from human-caused and natural fires, and the annual flux of GHGs in and out of terrestrial ecosystems. As part of the assessment, the Secretary must determine the processes that control the flux of GHGs in and out of terrestrial ecosystems; estimate the potential for increasing carbon sequestration in natural and managed terrestrial ecosystems; develop near-term and long-term adaptation strategies or mitigation strategies that can be employed to enhance the sequestration of carbon in terrestrial ecosystems, to reduce emissions of GHGs, and to adapt to climate change.
· The bill also requires the Secretary of the Interior to develop a method for measuring, monitoring, quantifying, and monetizing covered GHG emissions and reductions, including methods for allocating and managing offsets or credits.
· The bill amends the Energy Policy Act of 2005 to establish a program to promote and fund carbon capture and storage research, development, and demonstration. It authorizes a total of $1.425 billion for various of activities related to carbon capture and storage, including: fundamental science and engineering research; field testing of carbon dioxide sequestration in operating and depleted oil and gas fields, and geological formations including saline formations and unmineable coal seams; not less than 7 large-volume sequestration tests involving at least 1 million tons of carbon dioxide per year in a diversity of geological formations across the United States; and an assessment of the national capacity for carbon dioxide storage. The bill also directs the Secretary of Energy to establish a competitive grant program for the demonstration of carbon capture and storage from industrial sources.
· The bill also requires the Administrator of the EPA to establish a competitive grant demonstration program for projects to capture and store or use the carbon dioxide emitted from the Capitol power plant as a result of burning coal.