The House passed an energy bill Tuesday that sets more demanding fuel efficiency standards for automobiles and calls for increased production of renewable sources of fuel. The bill was passed by the Senate last week. Energy and climate experts assess the tenets and impact of the bill.
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Next, the new energy bill that's about to become law. Ray Suarez has that story.
The bill the president will sign tomorrow has some big changes in store for the auto industry and other sectors of the economy. For the first time in more than three decades, automakers must increase their average fuel economy for new cars and trucks to 35 miles a gallon by 2020.
Congress also will require a six-fold increase in the production of ethanol and other biofuels not made from corn, up to 36 billion gallons a year by 2022.
And the law requires new energy efficiency standards for building construction and appliances, and it phases out incandescent light bulbs by 2020.
For a closer look, we turn to Jason Grumet, executive director of the National Commission on Energy Policy, a bipartisan group made up of industry, labor and consumer leaders; and Jeremy Symons, the executive director of global warming programs at the National Wildlife Federation; he served as a climate policy adviser at the EPA during the Clinton administration.