Energy Independence and Security Act 2007
Final
Energy Independence and Security Act 2007
Michael Swirtz
ECN 201
December 12, 2012
Introduction
Signed on December 19, 2007 by President Bush, the Energy Independence and Security Act of 2007 (EISA) aims to move the United States toward greater energy independence and security while increasing the production of clean renewable fuels. With prolonged demonstration and a commitment from both government as well as citizens’, to protect consumers from the inflation of oil prices when there are global factors that have effect on our economy. To overall increase the efficiency of products, buildings, and vehicles and improve the energy performance and overall usage of the Federal Government as well as consumers. To implement long term goals and regulation with the EPA to increase U.S. energy security, develop renewable fuel production, and improve vehicle fuel economy. (Energy Independence and Security Act, 2007)
A secondary object to this act was to implement and create jobs in many industry sectors such manufacturing, production and installation, as well as an increase in research and development. In addition to that it authorizes up to $125 million in funding to establish national and state job training programs, administered by the Department of Labor, to help address job shortages that are impairing growth in green industries, such as energy efficient buildings and construction, renewable electric power, energy efficient vehicles, and biofuels development (EISA 2007).
EISA institutes the energy reduction goals for federal agencies, as well as introduces more remedial requirements. The three key provisions enacted are the Corporate Average Fuel Economy Standards, the Renewable Fuel Standard, and the appliance/lighting efficiency standards. The EPA is committed to developing, implementing, and revising both regulations and voluntary programs under the following subtitles in EISA. (Environmental Protection Agency, 2007)
•Increased Corporate Average Fuel
Energy Independence and Security Act 2007
Michael Swirtz
ECN 201
December 12, 2012
Introduction
Signed on December 19, 2007 by President Bush, the Energy Independence and Security Act of 2007 (EISA) aims to move the United States toward greater energy independence and security while increasing the production of clean renewable fuels. With prolonged demonstration and a commitment from both government as well as citizens’, to protect consumers from the inflation of oil prices when there are global factors that have effect on our economy. To overall increase the efficiency of products, buildings, and vehicles and improve the energy performance and overall usage of the Federal Government as well as consumers. To implement long term goals and regulation with the EPA to increase U.S. energy security, develop renewable fuel production, and improve vehicle fuel economy. (Energy Independence and Security Act, 2007)
A secondary object to this act was to implement and create jobs in many industry sectors such manufacturing, production and installation, as well as an increase in research and development. In addition to that it authorizes up to $125 million in funding to establish national and state job training programs, administered by the Department of Labor, to help address job shortages that are impairing growth in green industries, such as energy efficient buildings and construction, renewable electric power, energy efficient vehicles, and biofuels development (EISA 2007).
EISA institutes the energy reduction goals for federal agencies, as well as introduces more remedial requirements. The three key provisions enacted are the Corporate Average Fuel Economy Standards, the Renewable Fuel Standard, and the appliance/lighting efficiency standards. The EPA is committed to developing, implementing, and revising both regulations and voluntary programs under the following subtitles in EISA. (Environmental Protection Agency, 2007)
•Increased Corporate Average Fuel
Bibliography: Krugman P. & Wells R. (2009). Economics, Second Edition. New York: Worth Publishers. Meade, D. (2008, August 19). Analysis of the EISA. Retrieved from INforum: http://www.inforum.umd.edu/papers/conferences/2008/Meade_EISA.pdf Energy Independence and Security Act of 2007, 110th Congress Bill Text, http://www.thomas.gov/cgi-bin/query/F?c110:1:./temp/~c110DlExH5:e900: Environmental Protection Agency, Public law, Summary of EISA 2007, http://www.epa.gov/lawsregs/laws/eisa.html