Actions for the Electric Power and Industry Sectors
Action 1
Streamline the permitting process
for new low-carbon or carbon-free generating facilities and related
infrastructure in ways that preserve public comment and provide accountability
for performance. Relevant statutes that affect the Electric Power and Industry
sectors include the Clean Air Act, the Clean Water Act, the National
Environmental Policy Act, Federal Energy Regulatory Commission rules, and state
environmental laws.
Action 2
Offer targeted temporary tax
credits or incentives, low interest revolving loan funds, matching grants, or
other appropriate incentives or rewards to reduce the cost of installing
climate-friendly power-generating technologies and related infrastructure.
Action 4
Facilitate expansion of natural
gas pipeline infrastructure and capacity and expand natural gas markets by
streamlining duplicative and conflicting regulations, removing economic disincentives,
and simplifying the permitting process in ways that preserve public comment and
provide accountability for performance.
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Action 5
Harmonize tax schedules for
depreciation of new electric power-generating equipment and related
infrastructure with the schedule for depreciation of other types of capital
equipment to create an economic incentive to install climate-friendly electric
power-generating equipment more frequently.
Action 6
In partnership with the private
sector, government research should focus on improving scientific understanding
and practical applications for the use of renewable energy and distributed
energy technologies such as fuel cells and micro turbines.