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

May 2010

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.

View full document [pdf]


RELATED LINKS

Policy Brief 11-10: America’s Energy Security Options June 2011

Working Paper 10-6: Toward a Sunny Future? Global Integration in the Solar PV Industry May 2010

Policy Brief 09-19: The 2008 Oil Price "Bubble" August 2009

Paper: China Energy: A Guide for the Perplexed May 2007

Policy Brief 09-17: The Economics of Energy Efficiency in Buildings August 2009

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 August 2009

Article: German Leadership and the Pursuit of Energy Security in a Global Economy December 2006

Paper: The Russian Economy: More than Just Energy? April 2009

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



© 2014 Peter G. Peterson Institute for International Economics. 1750 Massachusetts Avenue, NW.
Washington, DC 20036. Tel: 202-328-9000 Fax: 202-659-3225 / 202-328-5432
Site development and hosting by Digital Division