Next bailout a "green" bailout?
Sen. Pete Domenici (R-N.M.) said that Congress has done more to address the energy crisis in the last six years than has been accomplished in the previous 30 years. Domenici still suggested "an expedited process" in addressing energy initiatives because of the long delays that can occur due to current regulations.
Sen. Jim Bunning (R-Ky.) advocated for coal-to-liquid fuel technology. According to Bunning, this type of fuel would create significant jobs, substantially reduce emissions, and reduce our dependence on Middle East oil. He is also concerned with investing in other types of energy programs considering they are unproven and inefficient.
Bracken Hendricks, Senior Fellow at the Center for American Progress Action Fund (CAP), stated that CAP advocates for a $350 billion one-year stimulus and recovery package, part of which he called a "green stimulus." Hendricks said that one third of that package should go directly to clean energy investments.
Malcolm Woolf, Director of the Maryland Energy Administration, made specific proposals for any stimulus package in the upcoming year. Woolf wanted as much as $10 billion provided for an energy efficient buildings retrofit program, $6 billion for the Energy Efficiency and Conservation Block Grant, $1 billion for the Low-Income Weatherization Assistance Program, and $2.5 billion for the Low-Income Home Energy Assistance Program. He also argued for an 8 year extension on energy efficiency and renewable tax provisions that would allow for long-term job creation.
Experts Say China Could Help Produce A Greener World
Experts at a Woodrow Wilson International Center for Scholar's forum Friday said that if China is given adequate financial and political support, the country could go from being one of the world's biggest polluters, to one that produces more green technology using less environmentally unfriendly energy.
Barbara Finamore, the director of the China program at the Natural Resources Defense Council, made it clear that China's capacity to create green technology with better uses of energy would not be a "Sputnik race," rather every country would benefit from investing in a clean-up of China's energy use.
"This is a race where the opening up of the Chinese domestic market for renewable energy is also a major opportunity for U.S. companies to that are well-positioned... to take advantage of it and understand it," Finamore said.
Finamore, who just returned from China, said in order for China to become more environmentally accepted in the international community, cleaning up their energy consumption must occur provincially.
"What we've been able to do... is work in the pilot project level," Finamore said. "That's where the rubber meets the road, that's where you need to make a difference if you're really going to be able to achieve whatever climate agreements China makes. But we also help to translate them into national policy... in both China and the U.S. and into international policy."
The pilot project level Finamore referred to is a province-based test run of energy standard implementation, which if successful, could change national policy because, according to Finamore, China's pricing bureau "is never going to agree to open up the regulatory system for collecting electricity rates to energy efficiency, unless they're sure these programs already work on the ground."
David Doniger, a senior attorney and policy director also from NRDC said that it's in both the United States and China's interest to agree on a method of halting negative energy consumption that causes global warming via carbon and greenhouse gas emissions, or GHG.
Doniger noted that some American and international concerns regarding China's emissions, are relevant, including tensions regarding proposed methods to control emissions, such as: border adjustments, allowances and leakage.
He added that U.S. Cap-and-Trade legislation like the House's Waxman-Markey and the Senate's Kerry-Boxer bills should not be seen by China as part of a broader U.S. trade agenda, rather as a legitimate method the United States is using to change its relationship with the environment.
Doniger and Finamore were joined by Lynn Price of the Lawrence Berkley National Laboratory, a group who in 2007 won a Nobel Peace Prize for their work on climate change.