- Succeeded in new fuel economy CAFE standards for cars and light trucks to attain 54 miles per gallon by 2025, which will reduce our domestic oil consumption by four billion barrels from 2017 to 2025.
- Maintaining tax credits and loan guarantees for renewable energy and energy efficiency.
- Proposed new rules for the Environmental Protection Agency regulating greenhouse gases from new power plants.
- Reconsider opposition to a national carbon tax
- Phase in regulation of greenhouse gases from existing power plants
- Enact a national Renewable Electricity Standard (RES)
- Require states to implement existing law (PURPA) that allows private developers to sell renewable energy to utilities at cost-effective rates
- Require all federal agencies to reach 50% electric vehicles in their fleet by 2020, if this can be done cost-effectively
A carbon tax would reinforce and make both strategies easier. According to a September 2012 study by the Congressional Research Service, a small carbon tax of $20 per ton — escalating by 5.6 percent annually — could cut the projected 10-year deficit by roughly 50 percent (from $2.3 trillion down to $1.1 trillion).