Richardson's Energy Plan


Highlights are:

1) Cap and Trade with graduated reductions so that by 2050 emissions are down to 90%

2) 50 mpg minimum on cars, get a car with 100mpg/gallon onto the road. Encouragement of a pure electric car and a hybrid which can run on either.

3) Increase renewable electricity use to 50% of energy used by 2020. Not quite sure how he's going to do this.

4) Reduce subsidies to non-green energy types.

5) Create a North American energy union to run the grid, and increase the use of natural gas from Alaska and Canada (oh?)

6) Reduce carbon emissions by 80% by 2040.

Vague, though the speech does give some details. Also cap and trade, because it rewards people who are already polluting (the more you pollute the more carbon certificates you get, which are worth money) is inferior to a carbon tax. Carbon taxes also have the advantage of putting a negative externality on the books right away.

Need to know more details to see how well this would work - supposedly there will be a white paper, but I don't see it up yet. It's certainly very ambitious, and that's good, the question is how feasible it really is.

A lot of Bill's positions are really based on "I am very competent. If I say I can do something, I can." So, a big part of the question one has to ask oneself, is whether you believe his self-assessment of extreme competence. If you do, then he might be a very good President in a lot of respects.


Ian Welsh May 17, 2007 - 4:55pm
( categories: Analysis | Environment )

As you point out, these seem like ambitious goals.. Yet we have wasted thirty years waiting for the market to get us there. And it cannot do so without the right incentives. A convincing president pushing ambitious goals is the only hope of really getting the ball rolling. I imagine the renewable part could be doable with wind, solar, and nuclear. These are key to achieving sevreal of the others.

It will require a portfolio approach, permanent tax incentives, perhaps taxes on fossil fuels. The carbon goals and auto standards strike me as being undoable, but I imagine that with hybrid technologies as standards rather than options we might get a good portion of the way there. Especially if we are willing to accept the idea of smaller cars...

Richardson is not a wide-eyed youth. Between his work in Washington and his term as governor, I think he understands both the DC culture and the challenges of the position of executive. By the time we get to 2009, Americans should start realizing how terribly costly the Iraq war was and be able to rectognize that energy plans such as this are dirt-cheap by comparison. There is a chance of success.

I appreciate the updates, Richardson was invisible to me just a few weeks ago.

mtspace May 17, 2007 - 9:09pm

Richardson was Energy secretary and knows a thing or two about the subject. He is also afiliated with the Apollo alliance, a group that has done serious studies on alternative energy issues.

I did inhale.

Don May 17, 2007 - 10:57pm

experienced. These are indeed ambitious goals. He was Energy Secretary, after all.

I have a good friend who has been an attorney for whistleblowers in the nuclear industry for nearly twenty years -- a busy life, to be sure. He met Richardson several times when he was Energy Secretary, and found him honest, open-minded, and not afraid to try new things.

trob May 17, 2007 - 10:57pm

"cap and trade, because it rewards people who are already polluting (the more you pollute the more carbon certificates you get, which are worth money) is inferior to a carbon tax."

hmm... who says that his plan calls for allocating carbon credits based on pre-existing levels of carbon emissions, rather than auctioning credits off the the highest bidder (or some other neutral method)?

though is true that every existing carbon trading scheme has had the problem you point out, that's a problem of politics, (namely, regulatory capture), and that is also what will make it very difficult to pass a carbon tax, unfortunately.

colorless green... May 18, 2007 - 3:20am

If the will is behind them. A massive program to install solar on major businesses and millions of homes would make a big step towards those targets. Reducing energy waste is sqaundering by the wealthy, because they can, is another big step. I would propose that caps are set for homes and businesses for energy use, after that the price for it goes up increasingly, it will force them to look at saving and reducing use.

Carib

Caribdude May 18, 2007 - 8:56am

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