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Reports

The Value of US Power Supply Diversity | Jul 25 2014

The Value of US Power Supply Diversity

The availability and affordability of electricity has been central to the growth of every developed country.  America’s rapid growth into an industrial, technological, and economic powerhouse has been fueled by the availability of a wide variety of electricity sources.  Our nation’s diverse sources of electric generation currently provide America with an abundant, reliable and affordable electric supply to support the continued growth and development of our economy. 

However, our nation is in danger of losing this underappreciated advantage due in part to aggressive new EPA regulations.  In order to better understand the value of our diverse resource mix and the impact that losing it will have on our economy, the U.S. Chamber’s Institute for 21st Century Energy partnered with other groups to undertake a comprehensive new study conducted by the respected global research firm IHS.

The result is a new report—The Value of US Power Supply Diversity—which provides a detailed analysis as to the power sector and overall economic costs that will be incurred if EPA regulations, along with other factors, are permitted to eliminate the coal and nuclear generation resources that today play an indispensable role in keeping America’s electricity reliable, abundant, and affordable.

The IHS analysis calculates the higher electricity prices that would have been incurred from 2010-2012 with less resource diversity, and also forecasts the overall economic impacts that would be driven by the higher electricity prices resulting from a reduction in electricity resource diversity.  This analysis is particularly timely given the impact of EPA’s pending power plant rules, which will have the direct effect of reducing the diversity of power supplies. 

To help understand the key findings, you'll find a fact sheet as well as the report itself on this page.  We encourage you to stay engaged on this important topic.

Assessing the Impact of Proposed New Carbon Regulations in the US | Jun 25 2014

The Environmental Protection Agency (EPA) is proposing new regulations on carbon emissions from the power plants of today and tomorrow. In order to evaluate these new regulations, all Americans should understand the effect they will have on consumers, our economy, and on carbon emissions.

For the first time, this analysis is now available. Our report, "Assessing the Impact of Potential New Carbon Regulations in the United States," illustrates the impacts associated with an EPA regime modeled on the Obama Administration's stated emissions reductions goal. To obtain the most accurate modeling and analysis possible for the report, we commissioned the respected global energy and economics firm IHS. The conclusions of the report are our own.

Our analysis shows that Americans will pay significantly more for electricity, see slower economic growth and fewer jobs, and have less disposable income. In fact, the cumulative impact to the economy could be $859 billion by 2030 (an average of over $50 billion every year). Potential EPA regulations would result in a very slight reduction in carbon emissions, which would be overwhelmed by global increases.

Read the full report here.

Oil Industry Profitability, Investment and Tax Policy: What Are The Facts? | Jan 29 2014

By Margo Thorning, Ph.D.
 
A recent article by Daniel Weiss of the Center for American Progress tries to make the case that because the net income of large, integrated U.S. oil companies has risen in recent years, these companies should lose the federal income tax provisions they currently use. A quick look at Weiss's article reveals several serious analytical and methodological flaws which make his conclusions about how tax reform should impact the oil and gas industry inappropriate and, in fact, harmful to U.S. job and economic growth.
 
Read the full report at ACCF Center for Policy Research.
 

Dust-Up in Durban: Breakthrough or Breakup? | Mar 31 2012

After the progress made at UN Framework Convention on Climate Change (UNFCCC) talks in Cancún, Mexico in 2010, many observers had unrealistically high hopes for the recently-concluded talks held in Durban, South Africa. To a great extent, those hopes were dashed.

The divide between developed and developing countries on some fundamental issues about roles and responsibilities remain as wide as ever. Developing countries want greater ambition and financial and technology support from developed countries while developed countries point to the explosive growth in emissions from rapidly growing developing countries and argue that all large economies have to make commitments.

Click here to download the PDF.

China's Quest for Energy | Nov 22 2011

China’s rapid industrial growth in the past three decades — averaging nearly 12% per year — has fueled a surging demand for energy. Indeed, in 2009, China edged out the United States to become the world’s largest energy consumer and in the late 1990s China shifted from being a net energy exporter to a net importer. China’s demand for energy continues to grow and is expected to account for a quarter of global energy consumption by 2035. Consequently, the quest for energy supplies has taken on strategic importance. Evidence shows that China has led an intensive search for all available energy supplies, ranging from coal to hydroelectric power, both at home and abroad.

Click here to download the PDF.

Increasing America's Energy Efficiency | May 4 2010

Solving our energy challenges is a long-term proposition; however, we can achieve immediate economic and environmental benefits by better harnessing the energy we unintentionally waste each day. Putting into practice more robust energy effi ciency programs is a crucial component of our nation’s energy security. We can free up significant amounts of energy for more productive purposes and eliminate unnecessary expenditures on the part of both businesses and consumers. This paper examines key factors aff ecting energy efficiency and provides recommendations for how increased efficiency can berealized in the United States.

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Copenhagen Accord and Discord: COP-15 and the Many Roads to Mexico | Jan 21 2010

Many of you are probably a bit confused by the outcome of the UN Framework Convention on Climate Change (UNFCCC) meeting in Copenhagen. Depending on which account you read, it was an unprecedented success or a complete failure, and everything in between. Regardless, it is important to understand exactly what happened in Copenhagen—and what did not. In this paper, we will try to make some sense of it all so you can draw your own conclusions.

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The Prospects for Copenhagen | Nov 11 2009

As this year’s negotiations wind their way to a conclusion in Copenhagen, Denmark, the prospect of a new international deal is not very bright, and it is not hard to see why. Consider that the starting point for discussion is a 50% reduction in global greenhouse gas emissions by 2050. Endorsed by G8 leaders, this “50-by-50” goal is among the most aggressive of the 177 emissions reduction scenarios examined by the Intergovernmental Panel on Climate Change.

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Taxing Our Way to Energy Insecurity Again | Jun 17 2009

The Institute for 21st Century Energy has issued new report that discusses why higher oil and gas taxes will increase dependence on foreign oil, raise costs to consumers, jeopardize U.S. jobs and erode economic competitiveness. Taxing Our Way to Energy Insecurity Again reviews the reasons why the administration’s proposed $80 billion tax increase on oil and gas is the wrong path forward, and provides recommendations that will improve energy security and promote economic growth.

Read Taxing Our Way to Energy Insecurity Again.

Revisiting America’s Nuclear Waste Policy | May 27 2009

The Institute for 21st Century Energy issued a report that calls on the Obama Administration to commit to a permanent solution for the nation’s used nuclear fuel and nuclear waste.  The report, titled Revisiting America’s Nuclear Waste Policy, examines the nation’s nuclear waste policies and makes recommendations on how to move forward.

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