Policy Brief 10-12
Assessing the American Power Act: The Economic, Employment, Energy Security, and Environmental Impact of Senator Kerry and Senator Lieberman’s Discussion Draft
by Trevor Houser, Peterson Institute for International Economics
and Shashank Mohan, Rhodium Group
and Ian Hoffman, Rhodium Group
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On May 12, 2010, Senators John Kerry (D-MA) and Joseph Lieberman (I-CT) released details of their proposed American Power Act, a comprehensive energy and climate change bill developed over the preceding nine months by the two senators, chairmen of the Senate Foreign Relations and Homeland Security Committees respectively, along with Senator Lindsey Graham (R-SC).1 With US unemployment just below 10 percent and the sunken Deepwater Horizon drilling rig's ruptured well pouring thousands of barrels of oil into the Gulf of Mexico each day, the senators promised that if passed the bill will: (1) reduce US oil consumption and dependence on oil imports; (2) cut US carbon pollution 17 percent below 2005 levels by 2020 and over 80 percent by 2050; and (3) create jobs and restore US global economic leadership. In this policy brief the authors evaluate the effectiveness of the proposed American Power Act in achieving those goals.
American Power Act: A Step Forward with Daunting Prospects May 21, 2010
Policy Brief 11-10: America’s Energy Security Options
Working Paper 10-6: Toward a Sunny Future? Global Integration in the Solar PV Industry
Policy Brief 09-19: The 2008 Oil Price "Bubble"
Paper: China Energy: A Guide for the Perplexed
Policy Brief 09-17: The Economics of Energy Efficiency in Buildings
Testimony: Structuring a Green Recovery: Evaluating Policy Options for an Economic Stimulus Package
January 15, 2009
Policy Brief 09-18: Setting the NAFTA Agenda on Climate Change
Article: German Leadership and the Pursuit of Energy Security in a Global Economy
Paper: The Russian Economy: More than Just Energy?
Speech: Energy Security through Diversity
March 23, 2010
Speech: Oil Markets: Principles, Perceptions, and Prices
July 29, 2008
Speech: Managing Energy Insecurity
February 23, 2005