EERE Network News
January 02, 2008
News and Events
President Bush signed the Energy Independence and Security Act of 2007 into law on December 19th, thereby mandating a 40% increase in fuel economy by 2020. The new standards should save consumers $22 billion per year and reduce U.S. oil consumption by 1.1 million barrels per day.
The Energy Independence and Security Act of 2007, signed into law on December 19th, boosts the requirements for renewable fuel use to 36 billion gallons by 2022. Roughly 60% of that requirement will have to be met with advanced biofuels that significantly reduce greenhouse gas emissions.
The standard, inefficient incandescent light bulb is on its way out, as the Energy Independence and Security Act of 2007 imposes new standards that will boost the nation's use of energy efficient lighting. The act also mandates increased efficiency in federal buildings and for many products.
The new energy act calls for accelerated research, development, and deployment for solar energy, geothermal energy, and marine and hydrokinetic energy. However, the new programs require the backing of congressional appropriations to see the light of day.
President Bush approved an omnibus appropriations act on December 26th that provides roughly $1.722 billion for the DOE Office of Energy Efficiency and Renewable Energy (EERE), a 17% increase in funds. The act also provides funds to administer loan guarantees for innovative technologies.