Feds Draft ‘New Energy Reform Act’

By Published On: September 12, 2008

While much of the U.S. Senate’s energy bill in discussion–backed by the bipartisan “Gang of 10” senators–is aimed at vehicles and gasoline, there are several issues under discussion that could affect renewable energy and efficiency. The draft bill is set for discussion at press time. However, some of the basic concepts include: -A new agency under the Presidential administration: Commission on Energy Independence. The agency would be expected to remove technical obstacles from independence from foreign fossil fuels; -Support for bioenegy research and development; -Loan guarantees for a “renewable energy pipeline”; -Tax subsidies for cellulosic biomass, biodiesel, and alcohol fuels; -Grants for energy efficiency; -Tax credits for renewable energy. The draft is set to be discussed in the U.S. Senate Committee on Energy & Natural Resources on September 12.

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