Policy Solutions: Fact Sheets

More Fact Sheets Tagged cap 2.0

Comprehensive Clean Energy and Climate Legislation Will Bring More Jobs, a Stronger Economy, and Less Pollution

Fact Sheet

America’s past experience with establishing regulations to curb pollution provides every reason to believe that enacting comprehensive climate and energy legislation will not only bring environmental and health benefits, but will also unlock technological innovation and boost our economy. Since the nation’s first comprehensive environmental laws in the 1970s, hundreds of dangerous pollutants have been regulated, providing valuable health benefits from reduced exposure to certain toxic chemicals. At the same time, tens of thousands of jobs per year were created in the environmental protection industry, GDP more than tripled, and average household income grew by more than 45 percent. This impressive history of prosperity can be repeated with comprehensive clean energy and climate legislation. Without it, however, the United States will miss out on new employment opportunities and be left behind in the growing world market that rewards green innovation. Get document in pdf.

Boosting Energy Efficiency Nationwide Through Measurement and Performance-Based Rewards

Fact Sheet

Energy efficiency is the most cost effective means for reducing global warming pollution. According to McKinsey and Company, the energy bill savings from efficiency investments could roughly offset the cost of implementing a mandatory carbon cap. And many of these investments already make sense economically: McKinsey estimates that a $50 billion per year investment could result in $1.2 trillion in energy bill savings by 2020 while reducing end-use energy consumption by about 23 percent of projected demand. In addition to saving Americans money on their utility bills, investments in energy efficiency would put downward pressure on electricity, natural gas, and carbon allowance prices (when a carbon cap has been established), while creating 600,000 to 900,000 new jobs. Establishing a reliable measurement for energy efficiency performance and rewarding success in improving performance will help America reach its full energy-saving potential. Get document in pdf.

Opportunities for Agriculture
ACES legislation will bring new energy and income to America's farmers

Fact Sheet

The American Clean Energy and Security Act (ACES) includes significant benefits for American farmers, including incentives for increasing energy efficiency and deployment of renewable energy sources. In addition, under the cap and invest system envisioned by the legislation, farmers could earn additional income through the sale of offsets -- credits for reductions in direct emissions or enhanced carbon sequestration on the farm. This legislation would provide the support that farmers and ranchers need, help them create new jobs and transform their businesses to succeed in a more secure and sustainable clean energy future. Get document in pdf.

Scaling Up Investment in Energy Efficiency with a Federal Energy Efficiency Financing Facility (FEEFF)

Fact Sheet

Despite the numerous benefits that stem from increasing energy efficiency and distributing clean power generation technologies in the buildings sector, current levels of investment fall far short of what is achievable and necessary. In today’s economic climate, many worthwhile projects are simply unable to obtain the financing they need and it is unclear whether existing government programs such as loan guarantees will be sufficient to overcome this shortfall. Creating a complementary Federal Energy Efficiency Financing Facility (FEEFF) to support investment in efficiency projects would provide access to much-needed capital and help move our nation toward a clean energy economy. Get document in pdf.

Reducing Pollution Outside of the Carbon Cap: The Role of Offsets and Complementary Policies

Fact Sheet

Reducing overall domestic emissions at least 20 percent below 2005 levels by 2020 and at least 80 percent by 2050 will require emissions reductions not only from large stationary sources of global warming pollution such as power plants, industrial
facilities, and fuel refineries, but also from those sources that are individually too small or dispersed to include under the cap, such as agricultural emissions from the use of nitrogen fertilizers. Similarly, there are means for sequestering carbon dioxide (CO2)—that is, absorbing it out of the atmosphere and storing it safely—in carbon “sinks” such as soils and forests that are difficult to account for under a cap. The United States must adopt alternative mechanisms such as mandatory policies, incentives, and domestic and international offsets to drive emissions reductions and carbon sequestration in these “uncapped sectors” both domestically and abroad. Get document in pdf.

Cap 2.0: Policy Solutions for Curbing Global Warming and Building the Clean Energy Economy

Fact Sheet

The current economic crisis presents enormous challenges for American workers and virtually every sector of our economy. The crisis, however, also provides a tremendous opportunity to address the threat of global warming in a way that ensures long-term environmental and economic sustainability. In the next 20 years, the United States will invest more than $3 trillion in our energy infrastructure -- electric power plants, fuel refineries, and transmission and transportation infrastructure -- and trillions more on reducing the energy consumption of buildings, appliances, and vehicles. If we follow the Cap 2.0 policy recommendations, we can avert the growing climate crisis by reducing emissions of global warming pollution and redirect our resources toward cleaner and energy-efficient technologies that will strengthen our position in the global economy, create millions of quality jobs, and bolster our national security by cutting our reliance on fossil fuels. Get document in pdf.

Fueling the Clean Energy Economy
Solving Global Warming Pollution in the Transportation Sector

Fact Sheet

For nearly 100 years, the United States has operated its transportation system with primarily one fuel: oil. As a result, the transportation sector is now the second largest source of U.S. global warming pollution, contributing 28 percent of all emissions. To solve global warming cost-effectively, we need a trio of policies to drive solutions in each of these areas: 1) an upstream cap on fuel emissions; 2) performance standards for clean, effi cient vehicles, clean fuels, and low-carbon transportation planning that we strengthen periodically; and 3) incentives to overcome market barriers to widespread adoption of low-carbon technologies, practices, and designs. Get document in pdf.

Regulating Trading in the Carbon Market

Fact Sheet

America needs strong climate policy that will boost the economy and reduce dangerous global warming pollution. A key piece of successful climate legislation will be a carbon market that allows non-polluting companies to trade carbon credits. But unregulated or self-regulated trading involves important risks. Climate legislation should require strong carbon market regulations to ensure success. Get document in pdf.

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