I support Renewable Energy Payments (REP) legislation. REP laws obligate utility companies to buy electricity from renewable energy sources, including individuals, farmers and small businesses, for a fixed period of time. With established fixed payments, the once volatile renewable energy projects now become attractive for financing, thus stimulating growth and innovation. REP's put everyone on an equal footing with large energy corporations. They provide an incentive to enterprising individuals and businesses for doing something beneficial for the environment, while compensating the utilities directly for the added costs. Everyone using the utility's services shares in the cost of the program through the normal billing process, just as they will all eventually share in the resulting enhancements to our environment, economy and national security.
I am generally not in favor of protective tariffs. However, because of our urgent need to develop alternative energy sources and establish energy independence, I believe Congress needs to enact a conditional tariff on imported oil. This tariff should guarantee that manufacturers in the USA will not pay less than a specific price, eg. $75 per barrel, on imported oil used for producing fuel for transportation or heating applications. The tariff should also cover imported, petroleum derived fuels in a financially equivalent manner. This will allow long term investments to be made in our domestic, sustainable energy infrastructure without fear that global economic downturns, such as that experienced in 2008, will reduce the price on oil to a level that will abruptly stop our work on alternative energy sources. A similar effect occured in the mid 1980s when OPEC dropped the price on imported oil following the shortages and dramatic price increases we experienced in the 1970s. Any funds generated by the tariff should be designated for use in alternative energy research or implementation.
I support legislation mandating that 100% of the new cars produced in the U.S.A. be flex-fuel capable to help reduce our reliance on petroleum based fuels. This will allow us to make maximum use of the various alcohol (methanol, ethanol, propanol, and butanol) fuels that will be produced from sustainable sources.
I support "Energy Independence US Treasury Saving Bonds" This plan resembles our successful WWII War Bond Program and creates $25 Energy Independence Saving Bonds. At the start of the program, the bonds could be categorized as W-wind, S-solar, H-hydro, T-transportation, and C-COOP. The purchaser chooses the specific Renewable Energy project in which to invest.. Thus, individual citizens can 'vote' as much and as often as desired with their hard-earned dollars on those technologies they believe have the best chance for delivering practical, economical energy solutions for our society. Energy bonds could have a website listing current projects and an 'electronic checkout' functionality could allow purchase of a bond of $25 or higher value. The website could limit the quantity of projects for each category until funding is complete. After a project becomes funded, a new project could be made available. A civilian oversight committee should monitor the functioning of the program.
I especially like the Renewable Energy Payments and Imported Oil Tariff methods for helping fund our sustainable energy future because they are largely 'industry neutral'. That is, they do not require the government to pick 'winners'. Instead, they let the market decide which of our exciting new 'green' energy technologies makes the most financial and scientific sense and then direct the funds in proper proportion to those technologies. This eliminates a lot of the wasted time and misappropriated capital that is so often involved with government projects.
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