Publisher's Synopsis
The U.S. energy sector is undergoing a profound transformation. The United States is producing more oil and natural gas, is generating more electricity from renewables such as wind and solar, and is consuming less petroleum while holding electricity consumption constant. These developments have had substantial economic and energy security benefits, and they are helping to reduce carbon emissions in the energy sector and thereby tackle the challenge posed by climate change. To build on this progress, to foster economic growth, and to protect the planet for future generations, the President has set out an aggressive All-of-the-Above strategy on energy. Some of the recent trends in the energy sector predate the Administration and stem from technological advances and risk-taking by American entrepreneurs and businesses, as well as from government-supported research and other public policies. The All-of-the-Above energy strategy supports these trends through environmentally responsible production of oil and natural gas. In addition, the Administration has advanced the growth of energy sources with low or zero carbon emissions through programs that support wind, solar, other renewables, and nuclear, and has also helped to reduce energy demand by promoting energy efficiency. The Administration is also supporting an ambitious program of carbon capture, utilization and storage for coal and natural gas power plants and for industrial facilities. The All-of-the-Above energy strategy has three key elements: to support economic growth and job creation, to enhance energy security, and to deploy low-carbon energy technologies and lay the foundation for a clean energy future. This report lays out these three elements of the All-of-the-Above energy strategy, and takes stock of the progress that has been made to date and the work that remains to be done.
