{"id":2031,"date":"2010-05-19T13:19:01","date_gmt":"2010-05-19T18:19:01","guid":{"rendered":"http:\/\/blogs.edf.org\/climate411\/?p=2031"},"modified":"2010-05-19T13:19:01","modified_gmt":"2010-05-19T18:19:01","slug":"10-things-we-like-about-the-american-power-act","status":"publish","type":"post","link":"https:\/\/blogs.edf.org\/climate411\/2010\/05\/19\/10-things-we-like-about-the-american-power-act\/","title":{"rendered":"10 Things We Like about the American Power Act"},"content":{"rendered":"<p>1. The <a href=\"http:\/\/kerry.senate.gov\/americanpoweract\/pdf\/APAShortSummary.pdf\">American Power Act<\/a> will help us research and develop innovative renewable energy sources here in America.<\/p>\n<ul>\n<li>The bill will unleash billions of dollars of      private-sector investment in clean energy jobs and projects here in America.\u00a0 Jeff Immelt, Chairman and CEO of General      Electric puts it best: \u00a0\u201cNational policy \u2013 including an effective price on      carbon and a strong, nationwide clean energy standard \u2013 is needed to drive      increased investment, which in turn creates new technologies and jobs.\u201d<\/li>\n<\/ul>\n<p>2. The American Power Act was crafted with the intention of rising above partisan politics. This bill is not about choosing sides or playing favorites, is it about finding real solutions to our climate and energy problems and laying the foundation for an international climate treaty.<\/p>\n<ul>\n<li>Darren Samuelsohn, a top      climate and energy reporter, reiterates why a US      vote is necessary to get international talks flowing in his aptly titled      article \u201c<a href=\"http:\/\/www.scientificamerican.com\/article.cfm?id=climate-bill-congress-copenhagen-summit&amp;page=2\">World      waiting for U.S. Congress to Pass Climate Bill<\/a>\u201d<\/li>\n<\/ul>\n<p>3. The American Power Act will help America become the world leader in clean energy investment and technology, a title currently held by China.<\/p>\n<ul>\n<li>According to <a href=\"http:\/\/thebreakthrough.org\/blog\/Rising_Tigers_Summary.pdf\">Information      Technology and Innovation Foundation<\/a> \u201cAsia\u2019s rising \u201cclean technology      tigers\u201d \u2013 China, Japan, and South Korea \u2013 have already passed the United      States in the production of virtually all clean energy technologies, and      over the next five years, the governments of these nations will out-invest      the United States three-to-one in these sectors.&#8221;<\/li>\n<\/ul>\n<p>4. The American Power Act is good for American manufacturers. The balanced energy strategy that includes development of alternative energy such as wind and solar as well as investment in new domestic energy sources will create jobs in clean technology manufacturing.<\/p>\n<ul>\n<li>The bill includes a $5 billion      expansion of the clean energy manufacturing tax credit.<\/li>\n<\/ul>\n<p>5. The America Power Act will create jobs, at least twice as many as an energy-only bill.<\/p>\n<ul>\n<li>According to Senator Bingaman\u2019s office, an      energy-only bill without a cap on carbon would only create 425,000 new      jobs. <a href=\"http:\/\/www.peri.umass.edu\/fileadmin\/pdf\/other_publication_types\/green_economics\/economic_benefits\/economic_benefits.PDF\">The      Department of Economics and Political Economy Research Institute estimated<\/a> that a climate <em>and<\/em> clean energy      bill will create at least three times that many.<\/li>\n<\/ul>\n<p>6. The American Power Act will cut carbon pollution 17% by 2020 and 80% by 2050.<\/p>\n<ul>\n<li><a href=\"https:\/\/blogs.edf.org\/climate411\/2007\/03\/21\/us_emissions\/\">These      targets, on par with those in the House bill, will set us on the path<\/a> toward reversing the damaging environmental effects of climate change.<\/li>\n<\/ul>\n<p>7. The American Power Act will cut our dependence on foreign oil and help us break the cycle of sending a billion dollars a day to countries that hate us.<\/p>\n<ul>\n<li>Included in the bill are      significant tax incentives for conversion of trucks to natural gas      vehicles.<\/li>\n<li>There is $7 billion annually      earmarked for improving transportation efficiencies and mass transit      systems.<\/li>\n<\/ul>\n<p>8. The American Power Act is good for business. It will create predictability in the market, spurring clean energy investment and job creation.<\/p>\n<ul>\n<li>The APA sets a hard price      collar of $12 to $25 for carbon. The tight $13 range is a vast improvement      over the $18 range suggested in the House bill. A smaller range limits      wild price fluctuations and <a href=\"http:\/\/green.blogs.nytimes.com\/2010\/05\/14\/the-climate-bills-side-by-side\/\">leads      to higher investor confidence levels<\/a>.<\/li>\n<\/ul>\n<p>9. The American Power Act will protect Americans, especially low-income Americans, by ensuring that energy costs stay under control and that revenues collected from utilities under a carbon cap will be rebated to consumers.<\/p>\n<ul>\n<li>In fact, <a href=\"http:\/\/belfercenter.ksg.harvard.edu\/analysis\/stavins\/?p=643\">over      82% of the allowance value will be rebated to consumers<\/a> or used for      public services.<\/li>\n<\/ul>\n<p>10. The American Power Act will help domestic agriculture and forestry by providing farmers, ranchers and forest owners with opportunities for new revenue streams in the off-set market.<\/p>\n<ul>\n<li>USDA will have authority over      the domestic offset program which will ensure wide-spread participation      and that benefits are shared across the industry.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>1. The American Power Act will help us research and develop innovative renewable energy sources here in America. The bill will unleash billions of dollars of private-sector investment in clean energy jobs and projects here in America.\u00a0 Jeff Immelt, Chairman and CEO of General Electric puts it best: \u00a0\u201cNational policy \u2013 including an effective price &#8230;<\/p>\n","protected":false},"author":3115,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[108,20],"tags":[],"coauthors":[],"class_list":["post-2031","post","type-post","status-publish","format-standard","hentry","category-climate-change-legislation","category-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>10 Things We Like about the American Power Act  - Climate 411<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blogs.edf.org\/climate411\/2010\/05\/19\/10-things-we-like-about-the-american-power-act\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"10 Things We Like about the American Power Act  - Climate 411\" \/>\n<meta property=\"og:description\" content=\"1. The American Power Act will help us research and develop innovative renewable energy sources here in America. The bill will unleash billions of dollars of private-sector investment in clean energy jobs and projects here in America.\u00a0 Jeff Immelt, Chairman and CEO of General Electric puts it best: \u00a0\u201cNational policy \u2013 including an effective price ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/blogs.edf.org\/climate411\/2010\/05\/19\/10-things-we-like-about-the-american-power-act\/\" \/>\n<meta property=\"og:site_name\" content=\"Climate 411\" \/>\n<meta property=\"article:published_time\" content=\"2010-05-19T18:19:01+00:00\" \/>\n<meta name=\"author\" content=\"Rebecca Rasch\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Rebecca Rasch\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/climate411\\\/2010\\\/05\\\/19\\\/10-things-we-like-about-the-american-power-act\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/climate411\\\/2010\\\/05\\\/19\\\/10-things-we-like-about-the-american-power-act\\\/\"},\"author\":{\"name\":\"Rebecca Rasch\",\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/climate411\\\/#\\\/schema\\\/person\\\/0794dcbd6ca13759353c27e87d4a62ea\"},\"headline\":\"10 Things We Like about the American Power Act\",\"datePublished\":\"2010-05-19T18:19:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/climate411\\\/2010\\\/05\\\/19\\\/10-things-we-like-about-the-american-power-act\\\/\"},\"wordCount\":608,\"commentCount\":0,\"articleSection\":[\"Climate Change Legislation\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/blogs.edf.org\\\/climate411\\\/2010\\\/05\\\/19\\\/10-things-we-like-about-the-american-power-act\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/climate411\\\/2010\\\/05\\\/19\\\/10-things-we-like-about-the-american-power-act\\\/\",\"url\":\"https:\\\/\\\/blogs.edf.org\\\/climate411\\\/2010\\\/05\\\/19\\\/10-things-we-like-about-the-american-power-act\\\/\",\"name\":\"10 Things We Like about the American Power Act - 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