Energy Efficiency and Renewable Energy Research, Development, and Deployment in Meeting Greenhouse Gas Mitigation Goals: The Case of the Lieberman-Warner Climate Security Act of 2007 (S.2191)

The U.S. federal government is considering actions to reduce greenhouse gas emissions. Renewable energy and energy efficiency technologies could help reduce greenhouse gas emissions, so the cost of these technologies could significantly influence the overall cost of meeting greenhouse gas limits. This paper examines the potential benefit of reduced technology cost by analyzing the case of the Lieberman-Warner Climate Security Act of 2007 (S.2191). This act had a goal of reducing national carbon emissions in 2050 to levels 72 percent below 2006 emission levels. In April 2008, the U.S. Department of Energy, Energy Information Administration (EIA) published an analysis of the effects of S.2191 on the U.S. energy sector. This report presents a similar analysis: both analyses examined the impacts of S.2191, and both used versions of the National Energy Modeling System. The analysis reported here used modified technology assumptions to reflect U.S. Department of Energy, Office of Energy Efficiency and Renewable Energy (EERE) program goals. The results show that achieving EERE program goals could reduce the cost of meeting greenhouse gas limits, reduce the cost of renewable electricity generation and biofuels, and reduce energy intensity.