Web exclusive posted Nov. 24, 2008 at 9:56 a.m. CST
The U.S. Chamber of Commerce Institute for 21st Century Energy has offered its recommendations to President-elect Barack Obama's administration and U.S. Congressional delegates for forming a national energy policy. The U.S. Chamber of Commerce represents more than three million businesses and organizations across the country. Its Institute for 21st Century Energy was created for the sole purpose of unifying energy stakeholders and policymakers behind an energy policy "to ensure that America's supply of fuel and power is adequate, stable, and affordable, while protecting national security, and improving the environment."
The Transition Plan for Securing America's Energy Future includes 88 recommendations and detailed timelines which the institute suggests the federal government follow in order to implement an effective energy policy. "The transition of administrations and a new Congress presents an opportunity for a new effort to position our nation on a more secure footing," the institute's President and Chief Executive Officer Gen. James Jones said. "It is clear that energy is critical to our nation's competitiveness and prosperity, and our recommendations will put the United States on a path for a cleaner, more reliable energy future."
The most immediate recommendations from the institute include Congress working to "remove regulatory uncertainty" concerning greenhouse gas emissions and determining that those emissions not be regulated under existing law. The institute suggests that move be made within the first 100 days of the new Congress.
The institute recommends that within the first six months of the new Congress, legislators should reform biofuel blenders' tax credits so that credit amounts fall proportionately to any increase in the price of conventional fuels.
Within one year, the institute advises that Congress should pass comprehensive energy legislation that includes tax credit extensions for renewable energy.
Within two years of the president's first term, President-elect Obama should work with international leaders to create more harmonized standards for biofuels.
The institute also recommends measures be taken to allow more oil drilling off America's coasts and to provide more support for clean-coal and nuclear production.
The 27-page transition plan can be viewed at
www.energyxxi.org/.