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Are Your Socks Still
On?
January 30, 2007
Knock our socks off, it didn’t. President Bush’s State of the Union
speech was supposed to include energy proposals that, one White House
official promised, would leave the nation with a collective case of
bare feet.
It
didn’t. The most serious flaw in the address was the lack of explicit
support for legislation limiting carbon emissions, through a mechanism
putting a price on those emissions. Only when the energy market sends a
signal that loading up the atmosphere with carbon imposes costs on
society will the market turn to technologies that can arrest the carbon
buildup.
Still,
the speech was interesting in that it gave a push – if ever so mild –
to the political momentum for a national climate policy that is picking
up speed in Washington, DC.
President
Bush didn’t say "yes" to carbon caps, but he didn’t say "no" either.
For the first time, he discussed climate change in a State of the Union
speech. He declared hopefully that technological breakthroughs would
enable America to "confront the serious challenge of global climate
change."
He
offered two proposals to cure America’s oil addiction – a dramatic
increase in the federal renewable fuels standard and modest boost in
motor vehicle fuel economy standards.
Greater
use of biofuels and improving gasoline mileage are necessary steps for
reducing America’s dangerous vulnerability to the perturbations of
violence, tight supplies and soaring demand that afflict the global oil
market.
The
proposals are a good start towards that end, although the president
should have offered a much stronger fuel efficiency proposal. Even Ted
Stevens, the curmudgeonly Alaska senator closely identified with the
oil industry, has proposed raising the standard to 40 miles per gallon
by 2017. Stevens’ bill has the look of a clever gambit towards trading
fuel economy for oil drilling in the Arctic National Wildlife Refuge.
Still, 40 mpg is an ambitious target, and adoption of it would
represent significant progress.
But
what will the president’s proposals do for reducing greenhouse gas
emissions?
It
depends. President Bush’s fuel economy proposal is not a
straightforward boost in the standard from today’s fleet-wide average
of about 24 mpg. He has proposed changing the design of the system to
set different standards for different sizes of vehicles. The Union of
Concerned Scientists, no friend of the administration, estimated that
his proposal would result in a 34-mpg standard by 2017, as long as the
system doesn’t include gimmicky loopholes. Total estimated annual
greenhouse gas emissions reductions: 95 million metric tons, about 1.3
percent of today’s total annual emissions. A small bite, but a bite
nevertheless.
More
uncertain from a climate standpoint is Bush’s proposed "renewable and
alternative fuels standard." The jury is still out on whether
corn-based ethanol results in carbon emissions reductions or increases,
because of the quantity of fossil energy that goes into corn
production.
In
any event, the U.S. doesn’t grow enough corn to meet Bush's target with
corn-based ethanol alone. Expanded development of ethanol from
cellulosic sources – farm waste, forestry residues, fast-growing energy
crops such as switchgrass – will be necessary both to meet Bush’s
target and cut carbon emissions from the transportion sector.
With
coal-based liquid fuels, there is no question about the climate impact.
Producing fuel from coal would result in substantially higher carbon
emissions than production from crude oil. If greater dependence on
coal-based fuels is in the cards, the carbon sequestration nut must be
cracked and fast. No one can say for sure whether that technical trick
can be mastered, so a great deal more research is necessary.
One
thing is for certain, however. The climate game is finally on in the
nation’s capital. Polls show that the public is worried. The president
is finally talking about the issue. Bills have been introduced and
congressional committees plan hearings. Business wants regulatory
certainty and the opportunity to make money selling emissions reduction
technology. Evangelicals and sportsmen, core conservative
constituencies, are concerned about global warming's impact on nature.
Progress
is sluggish. But the signs look good.