Chapter 14: Problem 14

Compare the Energy Policy Act of 2005, the Energy Independence and Security Act of 2007, and Obama administration initiatives relative to supply- and demand-side strategies.

Short Answer

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All three policies have hidden impacts on both supply- and demand-side energy strategies. The Energy Policy Act of 2005 focuses more on supply side with directives to increase domestic production while the Energy Independence and Security Act prioritizes the demand side by setting efficiency standards. Obama's initiatives take a balanced approach, promoting both renewable energy (supply side) and efficiency and conservation (demand side).

Step by step solution

Overview of Energy Policy Act of 2005

This step involves providing an overview of the Energy Policy Act of 2005. The Act contains provisions aimed at increasing the energy production in the United States, including those related to: oil, gas, coal, nuclear, and alternative energies.

Overview of Energy Independence and Security Act of 2007

The Energy Independence and Security Act of 2007 aimed at generally improving energy efficiency and increasing the production of clean renewable fuels in the U.S. It includes the Corporate Average Fuel Economy (CAFE) standards and increased requirements for biofuels use.

Overview of Obama administration initiatives

Under Obama administration, several initiatives related to energy were introduced. These include the American Recovery and Reinvestment Act of 2009, the Open Fuel Standard Act of 2011 and the creation of Office of Energy Policy and Systems Analysis. The focus was uplifting renewable energy sector and reducing federal government’s greenhouse gas emissions.

Compare the three in terms of supply-side strategies

Highlight the differences and similarities among the three policies in how they affected or determined supply-side strategies, from domestic production of oil, coal, nuclear, renewable energies to importing fossil fuels.

Compare the three in terms of demand-side strategies

Now, compare how these policies play a role in demand-side strategies. This entails how they regulate or stimulate the consumption of energy, from setting efficiency standards to incentivizing the use of certain types of energy through subsidies or tax breaks.

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Compare the Energy Policy Act of 2005, the Energy Independence and Security Act of 2007, and Obama administration initiatives relative to supply- and demand-side strategies.

Short Answer

Step by step solution

Overview of Energy Policy Act of 2005

Overview of Energy Independence and Security Act of 2007

Overview of Obama administration initiatives

Compare the three in terms of supply-side strategies

Compare the three in terms of demand-side strategies

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