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A New Energy Future

2006-10-04

FutureMI-1.pdf FutureMI-1.pdf

News Release

Executive Summary

America has the technological know-how and the resources to move away from dependence on oil and other fossil fuels and toward a cleaner, more secure New Energy Future.

America’s dependence on fossil fuels poses challenges to America’s environment, economic health and national security. Each of those challenges is likely to become more critical in the years to come if we continue along our present path of increasing energy use and increasing imports of energy from abroad.

A New Energy Future in which America is smarter about how we use energy and in which we tap our abundant supplies of clean, renewable, homegrown energy can address many of those challenges. Achieving that future will require America to set clear goals to guide our energy policies and to mobilize the scientific, economic and political resources we need to meet them.

This paper examines the benefits, in terms of fossil fuel savings, of achieving a New Energy Future guided by the following goals:

• Reduce our use of energy in our homes, businesses and industry by 10 percent by 2025.

• Save one third of the oil we use today by 2025.

• Harness clean, renewable, homegrown energy sources for at least a quarter of our energy needs by 2025.

There are many ways that America can achieve these goals. This paper lays out one plausible pathway, which we call the “New Energy Future scenario,” by which the United States could achieve – and in some cases go beyond – the goals and save vast   amounts of fossil fuels.

By 2025, for example, the United States could:

• Save 10.8 million barrels of oil per day, equal to four-fifths of the amount of oil
we currently import from all other nations in the world.

• Save 9.1 trillion cubic feet of natural gas per year, nearly twice as much as is currently used annually in all of America’s homes.

• Save 900 million tons of coal per year, or about 80 percent of all the coal we
consumed in the United States in 2005.

• Save 1.7 billion megawatt-hours of electricity per year, 30 percent more than was used in all the households in America in 2005.