Sec. 102. Energy technology deployment goals
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Not later than 1 year after the date of enactment of this Act, the Secretary, in consultation with the Advisory Council, shall develop and publish for review and comment in the Federal Register near-, medium-, and long-term goals (including numerical performance targets at appropriate intervals to measure progress toward those goals) for the deployment of clean energy technologies through the credit support programs established by this subtitle to promote— the deployment, by not later than 2050, of electric generating capacity with net-zero greenhouse gas emissions, that is sufficient to reliably meet the projected energy demand of the United States in 2050; clean energy technologies in vehicles and fuels that will substantially reduce the reliance of the United States on foreign sources of energy and insulate consumers from the volatility of global energy markets; a domestic commercialization and manufacturing capacity that will establish the United States as a world leader in clean energy technologies across multiple sectors; the installation of electricity transmission infrastructure with the capacity to provide the cost-effective deployment of zero-emission electricity technologies appropriate to each region of the United States; the transformation of the building stock of the United States to net zero energy consumption; the recovery, use, and prevention of waste energy; domestic manufacturing of clean energy technologies on a scale that is sufficient to achieve price parity with conventional energy sources; domestic production of commodities and materials, including steel, chemicals, polymers, and cement, through the use of clean energy technologies that will establish the United States as a world leader in the environmentally sustainable production of such commodities and materials; a robust, efficient, and interactive electricity transmission grid that will allow for the incorporation of clean energy technologies, distributed generation, smart grid functions, and demand-response in each regional electric grid; a variety of financial products intended to allow owners and users of residential, retail, commercial, and industrial buildings to make energy efficiency and distributed generation technology investments with reasonable payback periods; technical assistance to States and other political subdivisions that do not have green banks to establish independent, nonprofit green banks in such States and political subdivisions, including by working with relevant stakeholders in such States and political subdivisions; loan guarantees, credit enhancements, and other financial products to extend the reach and effectiveness of local, State, and regional financing entities, including green banks, and particularly to support their ability to finance local projects that— provide jobs; mitigate greenhouse gas emissions; and serve— low-income, minority, and distressed neighborhoods (within the meaning of section 910 of the Housing and Community Development Act of 1992 ( 12 U.S.C. 2901 note;
Public Law 102–550 )); or low-income, minority, and rural consumers (within the meaning of the final rule of the Bureau of Consumer Financial Protection entitled Ability-to-Repay and Qualified Mortgage Standards Under the Truth in Lending Act (Regulation Z) (78 Fed. Reg. 6408 (January 30, 2013))); and such other goals as the Secretary, in consultation with the Advisory Council, determines to be consistent with this subtitle. The Secretary shall revise the goals established under subsection (a), from time to time as appropriate, to account for advances in technology and infrastructure.
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- Pub. L. 102-550
- 78 FR 6408
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