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The Energy Policy Act of 2008

by Richard T. Stuebi

Betcha didn't know that there was an Energy Policy Act of 2008, did you? Well, you won't find any bill of that name. But, the passage of last week's appropriately titled "Emergency Economic Stabilization Act of 2008" is almost tantamount to an energy bill.

The Senate prepared a nice summary of the energy-related provisions that were stuffed into the bill during the chaotic process to get something passed promptly that would reassure the financial markets. I have yet to review all of the provisions, but it's clear that many of them have favorable implications for a variety of clean energy technologies, inluding wind, solar, energy efficiency, hybrid vehicles, biofuels, and smart grid.

It's nice that there has been at least one small silver lining to the dark cloud of financial implosions in the past few weeks.

Richard T. Stuebi is the BP Fellow for Energy and Environmental Advancement at The Cleveland Foundation, and is also the Founder and President of NextWave Energy, Inc.
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