The headline is a 35-mpg CAFE standard for cars produced 13 years from now. Big whoop.
The best stuff in the bill is energy efficiency standards, including phasing out the incandescent light bulb.
The reality, however, is no removal of tax breaks for Big Oil; no 15% renewables standard for utilities; no plug-in hybrid incentives. Incentives for wind and solar were stripped out, as well, according to Sen. Boxer. “We’re pretty disappointed,” said Rhone A. Resch, president of the Solar Energy Industries Association, which sought an extension of the investment tax credit that expires at the end of next year.
But yes, there is a requirement for five times more ethanol than we now produce. “Clean tech” will have a place to throw some money, even if the environmental benefit is nil, the impact on petroleum usage minor, the impact on food prices unknown. As stated in the Washington Post story today, “For farmers and agribusiness, it is a windfall, providing more support than perhaps even the farm bill.” ‘Nuf said.
Why Nancy Pelosi calls the bill “a moment of change, of real change” is not yet clear. Most elements that would constitute a progressive energy bill seem to have been dropped out.
I can’t help thinking if carmakers are still producing masses of 20-something mpg cars and pickups and SUVs in 2020, something envisioned with a 35mpg average, we’re in big trouble.