How Will New Fuel Economy Regulations Affect Your State?
Washington, D.C.//August 28, 2012//With the Obama Administration's announcement today of historic fuel-efficiency standards for vehicles (54.5 miles per gallon, on average, by 2025), the BlueGreen Alliance and the Natural Resources Defense Council have assembled a detailed accounting of the huge benefits that are projected to accrue by the year 2030.
The data include a state-by-state breakdown of the 570,000 jobs that could be created in the United States by 2030 - as well as other benefits from the standard. In addition to the jobs created, the country will save nearly 23 billion of gasoline in 2030 alone, resulting in $54 billion in net savings to consumers and the reduction of 270 million metric tons of carbon dioxide pollution, which helps cause global warming.
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The 54.5 mpg standards promise to bolster the strong automobile recovery we are seeing today. For additional information about how fuel efficiency is driving job growth, see www.DrivingGrowth.org.
The chart and graphics with state-by-state numbers can be found below. Reporters are invited to take advantage of this resource and graphic as they prepare stories about these landmark standards.
For additional background information on the new fuel efficiency standards, click here.
2030 State Benefits of Achieving 54.5 mpg-equivalent Fleet Average in Model Year 2025
Sources: Natural Resources Defense Council and BlueGreen Alliance
State fuel and pollution savings are from analysis by NRDC. These figures update and augment similar tables provided in NRDC's "Relieving Pain at the Pump" publication from April 2012. Main adjustments include updates to fuel prices and vehicle miles traveled per the latest forecasts in the Energy Information Administration's Annual Energy Outlook 2012.
State jobs figures are from BlueGreen Alliance's analysis for "Gearing Up: Smart Standards Create Good Jobs Building Cleaner Cars", June 2012.
Table 1: Jobs Created and Annual Consumer Savings of Model Year 2017 to 2025 Standards in 2030
Hydrostor receives $4m funding for A-CAES facility in Canada
Hydrostor has received $4m funding to develop a 300-500MW Advanced Compressed Air Energy Storage (A-CAES) facility in Canada.
The funding will be used to complete essential engineering and planning, and enable Hydrostor to plan construction.
The project will be modeled on Hydrostor’s commercially operating Goderich storage facility, providing up to 12 hours of energy storage.
Hydrostor’s A-CAES system supports Canada’s green economic transition by designing, building, and operating emissions-free energy storage facilities, and employing people, suppliers, and technologies from the oil and gas sector.
The Honorable Seamus O’Regan, Jr. Minister of Natural Resources, said: “Investing in clean technology will lower emissions and increase our competitiveness. This is how we get to net zero by 2050.”
A-CAES has the potential to lower greenhouse gas emissions by enabling the transition to a cleaner and more flexible electricity grid. Specifically, the low-impact and cost-effective technology will reduce the use of fossil fuels and will provide reliable and bankable energy storage solutions for utilities and regulators, while integrating renewable energy for sustainable growth.
Curtis VanWalleghem, Hydrostor’s Chief Executive Officer, said: “We are grateful for the federal government’s support of our long duration energy storage solution that is critical to enabling the clean energy transition. This made-in-Canada solution, with the support of NRCan and Sustainable Development Technology Canada, is ready to be widely deployed within Canada and globally to lower electricity rates and decarbonize the electricity sector."
The Rosamond A-CAES 500MW Project is under advanced development and targeting a 2024 launch. It is designed to turn California’s growing solar and wind resources into on-demand peak capacity while allowing for closure of fossil fuel generating stations.
Hydrostor closed US$37 million (C$49 million) in growth financing in September 2019.