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Energy Commission Proposes Plan to Cut Total U.S. Climate Emissions in First Year of Program

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Press release: “The National Commission on Energy Policy, a bipartisan group of top energy experts from industry, government, labor, academia, and environmental and consumer groups, today released a series of new, sweeping recommendations to address the nation’s leading energy challenges. In its new report, Energy Policy Recommendations to the President and the 110th Congress (148 pages, PDF), the Commission proposed revised policies regarding a cap and trade proposal for addressing global climate change, increases in fuel economy standards, approaches for the storage of nuclear waste, development and deployment of advanced coal technologies, adoption of a national renewable energy standard, and other major energy policy issues.”

  • “The Commission’s current update also tackles critical design elements for a greenhouse-gas cap-and-trade program, including the highly controversial issue of allowance allocation. For reasons detailed in a recent NCEP staff paper on allowance allocation, the Commission now recommends that at least half of the total pool of allowances available on an economy-wide basis be directed toward aiding the transition to a low-carbon economy, including to provide funding for advanced energy technologies and to mitigate impacts on low-income consumers.”
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