United States of America
Energy Policy Act 2005 (Energy Bill)
Legislative
Law
Passed in 2005
Provides USD4.3bn tax breaks for nuclear power; USD2.7bn to extend the renewable electricity production credit; and USD1.6bn in tax incentives for investment in clean coal facilities. Grants loan guarantees for innovative technologies such as advanced nuclear reactors and clean coal. Provides subsidies to wind energy, promotes the competitiveness of geothermal energy vis-à-vis fossil fuels and allocates USD50m annually to a biomass grant programme. Includes ocean energy sources as separate renewable technologies. Provides tax credits for electricity generation from wind, closed-loop biomass, open-loop biomass, geothermal, solar, small irrigation power, municipal solid waste and refined coal. Regulates renewable energy development in the Outer Continental Shelf (OCS).
Provides USD1.3bn tax breaks for conservation and energy efficiency. Provides USD1.3bn tax breaks for alternative motor vehicles and fuels (ethanol, methane, liquefied natural gas, propane). Provides up to USD3,400 tax credit for hybrid vehicle owners.
Requires Federal facilities to draw part of their energy from renewable sources. Provides tax breaks for energy conservation improvements to homes. Requires that Federal fleet vehicles capable of operating on alternative fuels use these fuels exclusively.
Documents
-
Deployment of at least 100,000 by 2010, then 2,500,000 hydrogen-fueled vehicles by 2020
-
At least 7.5% renewable energy of total Federal Government consumption by 2013 and each fiscal year thereafter
-
Produce 1,000,000,000 gallons annually of cellulosic biofuels by 2015
-
Install solar energy system in 20,000 Federal buildings by 2010
-
25% improvement in energy efficiency by 2012 against a 1990 baseline
-
2% annual reduction in energy consumption per gross square foot of Federal buildings by 2015 against a 2004 baseline
from the Grantham Research Institute
from the Grantham Research Institute
