Podesta to ARPA-E Summit

Speaking to the Department of Energy’s Advanced Research Projects Agency—Energy summit February 25, White House adviser John Podesta said that the White House has been coordinating with the Departments of Energy and Housing and Urban Development to consider methods of privately financing distributed generation and energy efficiency projects. He said that energy financing was one area of the President’s Climate Action Plan that needed additional work. He also noted that initial GHG emissions standards for existing power plants are likely to include mechanisms to increase the use of renewable energy and energy efficiency. Furthermore, he noted that the administration plans to again propose in its budget request making the renewable energy production tax credit permanent and refundable.

Social Cost of Carbon Comments

Industry groups led by the U.S. Chamber of Commerce, the American Chemistry Council, the American Petroleum Institute, and the National Association of Manufacturers released joint comments February 26 saying that the models the federal interagency working group used to devise the $37/MT social cost of carbon figure have not been sufficiently peer reviewed. The group charged that the figure also fails to meet the White House Office of Management and Budget’s guidance for developing policy-relevant information under the Information Quality Act.