ENERGY SECURITY BENEFITS OF CONGRESSIONAL CLIMATE AND CLEAN ENERGY POLICY

The report argues that increasing fossil fuel production is an ineffective short-term solution for energy security due to the global nature of oil and gas markets. Instead, it uses the U.S. Energy Policy Simulator (EPS) to demonstrate that clean energy incentives—such as EV tax credits and building electrification—would significantly reduce U.S. fossil fuel demand. In a 'Moderate Scenario', these policies would reduce annual oil consumption by over 180 million barrels by 2030, more than offsetting 2021 Russian oil imports, and reduce natural gas consumption by 4.7 trillion cubic feet, roughly 85% of the EU's 2021 Russian gas imports. The report also estimates GHG emission reductions of 740 to 1,230 million metric tonnes by 2030.

• Increasing domestic fossil fuel production is an ineffective method for achieving immediate price stability because oil and natural gas are global commodities with inelastic demand, and the oil market is heavily influenced by OPEC.
• Proposed clean energy and vehicle electrification incentives would reduce U.S. oil consumption by more than 180 million barrels per year by 2030 in the Moderate Scenario, which is more than double the volume of Russian oil imported by the U.S. in 2021.
• Under the Moderate Scenario, clean energy deployment and building/industry electrification would reduce U.S. natural gas consumption by 4.7 trillion cubic feet per year, an amount approximately equal to 85 percent of the European Union's 2021 imports of Russian gas.
• The report estimates that the proposed policies would reduce annual greenhouse gas emissions in 2030 by between 740 and 1,230 million metric tonnes, with the Moderate scenario projecting a reduction of 930 million metric tonnes.
• Immediate enactment of clean energy provisions is necessary to address the 'capital stock turnover challenge,' as the average vehicle ownership lifetime of 13 years means a full transition to EVs would not occur until after 2050, even if 100% of sales were EVs by 2035.

APA

ORVIS, R. (2022). ENERGY SECURITY BENEFITS OF CONGRESSIONAL CLIMATE AND CLEAN ENERGY POLICY. Energy Innovation. https://energyinnovation.org/wp-content/uploads/Congressional-Proposals-and-U.S.-Energy-Security-EPS-Modeling.pdf

Chicago

ORVIS, ROBBIE. ENERGY SECURITY BENEFITS OF CONGRESSIONAL CLIMATE AND CLEAN ENERGY POLICY. Energy Innovation, 2022. https://energyinnovation.org/wp-content/uploads/Congressional-Proposals-and-U.S.-Energy-Security-EPS-Modeling.pdf.

Wikipedia

{{cite report |last1=ORVIS |first1=ROBBIE |title=ENERGY SECURITY BENEFITS OF CONGRESSIONAL CLIMATE AND CLEAN ENERGY POLICY |publisher=Energy Innovation |date=March 2022 |url=https://energyinnovation.org/wp-content/uploads/Congressional-Proposals-and-U.S.-Energy-Security-EPS-Modeling.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{orvis2022energy, author = {ORVIS, ROBBIE}, title = {{ENERGY SECURITY BENEFITS OF CONGRESSIONAL CLIMATE AND CLEAN ENERGY POLICY}}, institution = {Energy Innovation}, year = {2022}, month = mar, url = {https://energyinnovation.org/wp-content/uploads/Congressional-Proposals-and-U.S.-Energy-Security-EPS-Modeling.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }