I thank my colleagues for drawing attention to this critical issue and problem. I want to start with the solution. The solution to climate change is American innovation. The solution to climate change is American innovation. We have to get…
I thank my colleagues for drawing attention to this critical issue and problem.
I want to start with the solution. The solution to climate change is American innovation. The solution to climate change is American innovation.
We have to get beyond the idea first that we need to choose between a clean environment and a strong economy. We all want cleaner air and water. We all want jobs. They don't have to contradict each other.
When we frame the debate as a conflict between an economy and the environment, we talk past one another and we are not realistic about our own history. This is, at the beginning, kind of a math problem. According to the EPA's annual inventory of greenhouse gas emissions, the U.S. pumped about 6 billion tons of greenhouse gases into the atmosphere in 2005--6 billion tons.
The overwhelming scientific consensus is that putting this much pollution into the air is bad for the planet, bad for our kids, and bad for our grandkids. Most scientists tell us we need to reduce emissions about 17 percent from that peak by 2020 and over 80 percent by about 2050 in order to contain climate change to manageable levels.
So the question is this. How do we establish the appropriate incentives to get that number lower to produce energy more cleanly, at prices we can afford, in quantities that support modern life.
We have to reduce pollution. We need to create jobs. Instead of arguing which is more important, let's figure out how we can use American innovation to do both.
My colleague from Vermont has talked a lot about some of the evidence. It is important to pay attention to patterns. In Virginia, we have huge areas of risk of the negative impacts of climate change, especially sea-level rise, all effects that can be traced to carbon pollution.
The Hampton Roads area of Virginia is the second-most populous part of our State, 1.6 million people, and it is the second-most vulnerable community on the east coast after New Orleans, the eastern half of the United States, to sea-level rise.
Our second-largest area, which is the home of the largest concentration of naval power in the world, and critical to our defense, is deeply vulnerable to climate change.
In fact, I have friends who live in Hampton Roads in a historic neighborhood where homes have been occupied for 150 years. In the last 15 years, their home has become completely unable to be occupied. They cannot sell it. There is no way the bank will take it back, and there is no way anyone will issue insurance to them.
In addition to being vulnerable because of our coast, our largest industry in Virginia is agriculture and forestry. If we want to talk about an industry that is affected by climate, that is our industry, $70-plus billion a year of economic activity in our State--our largest industry affected by climate.
Tourism is big in Virginia industry--outdoor tourism. That is $20- plus billion a year. We are directly affected by climate, and we see extreme weather patterns. It is not only a Katrina, a Sandy or an Ike. It is the pattern of one after the next, droughts one after the next, fire damage one after the next.
To use a recent example, we are having to deal with this in these halls. We passed a flood insurance bill to delay sharp premium increases for flood insurance policies that are subsidized by the National Flood Insurance Program.
For those who weren't around when we had that debate, these increases in premiums were not because of new beach homes that millionaires are building on the flood plain out on the beach. No, these were policies for homes whose owners had lived in them for decades. They were never in flood plains before, but they are now in flood plains because of sea-level rise.
My Portsmouth friends are people who fit into that category, with a home that never had these challenges--that is now a home that they cannot sell because of the sea-level rise in that area.
The debate in the Chamber focused on what it would cost to delay premiums, how many people would be affected and impacted by the solvency of this national program. The larger point is this: Premiums are higher because flood risk is higher. When we see flood risk getting higher in every coastal area of the country, we have to pay attention to what the pattern tells us. If we don't, we are foolish.
Now, we have naysayers. There are two kinds of naysayers. There are science deniers and leadership deniers, and I want to talk for a minute about both. The first are a group of people who, despite the overwhelming scientific consensus, say: Oh no, there is no scientific evidence that humans affect climate change or that there is even any change in the climate going on at all, despite this overwhelming scientific consensus. The Senator from Vermont mentioned some quotes from Members in this body who deny science exists.
To science deniers, I am happy to say that Virginians are pro- science. We are pro-science. The quintessential Virginian, Thomas Jefferson, was the preeminent scientist of his day. You cannot be a proud Virginian and be anti-science. We accept the science in Virginia. In fact, the polling overwhelmingly, among the Virginia public--and we are not the bluest State in the country; we are a coal-producing State, which I will get to in a minute--even in coal-producing Virginia, the polling shows overwhelmingly that the Virginia public accepts that humans are affecting climate, causing bad things to our economy, and we have to do something about it.
Now, there is a second argument. It is not science denial; it is leadership denial. These folks may not deny the climate science, but they deny that the United States can or should be a leader in taking steps. They say: Look, even if we reduce U.S. emissions to zero, it wouldn't offset world emissions unless China or India did something, so let's just not do anything.
It is just not the American way, folks, for us not to lead on something as important as this. It is true that we need every country to reduce emissions in the long run, but that is not an argument for the United States to do nothing; that is an argument for the United States to step up and be leaders.
Part of leadership is sending the right signals into the market at the right time. That is one of the reasons I think it would be very good if the President rejected the proposal to expand use of tar sands oil in the Keystone Pipeline program. We ought to send the right message right now. That is one of the most powerful things we could do in our country and beyond to show we are going to be leaders.
It is very difficult to lead and impossible to get people to follow if you are not willing to take a step as the most powerful and innovative economy in the world. We are the largest economy in the world, and we have been since 1890. We are the global economic leader. We have a burden of leadership. And if we lead, we will succeed.
It is not too hard to reduce emissions. We can reduce them. In fact, we are already starting. The Senator from Vermont mentioned this. I mentioned that in 2005 the United States was putting 6 billion tons of CO2 into the atmosphere. That was our base year. We have now actually dipped down to 5.6 billion tons. We have reduced it since 2005 thanks to greater energy efficiency, natural gas, uptick in renewables, and better fuel standards in our vehicles. So we are already on a positive path. We are actually on the way to meeting our goal of reducing emissions 17 percent by the year 2020. We are on the right track; we just have to take more steps forward.
So what is the strategy we need? I hear the President sometimes and others--and I may even use these words on occasion--talk about an ``all of the above'' energy strategy, and I have decided I really don't like that phrase. When I hear somebody say ``all of the above,'' it is like when I ask one of my teenagers something and he says: ``Whatever.'' I don't like ``whatever'' as an answer because it kind of sounds indifferent and anything goes and who cares and what difference does it make. ``All of the above'' kind of has that attitude a little bit.
Now, sure, we should use all of our energy resources--I get that--in a comprehensive strategy, but what we really need is a comprehensive strategy that reduces CO2 emissions--that reduces CO2 emissions. Such a strategy to reduce emissions does mean everything: wind, solar, geothermal, tidal, and advanced biofuels. I think it also means natural gas as bridge fuel to reduce our carbon footprint; nuclear, if we can reduce costs and resolve disposal issues; and, yes, coal, so long as we always work to make it burn cleaner.
This is my punch line of what we have to do: We have to do everything cleaner tomorrow than we are doing it today--everything cleaner tomorrow than we are doing it today.
We will have fossil fuels with us for some time, and we won't bring emissions to zero anytime soon. But just because we can't immediately go from 6 billion to zero tons of CO2, we can't rest in our effort to reduce our CO2 every day a little bit more. On fossil fuels, we have to take any progress we can that replaces dirty with less dirty even if it doesn't get us the whole way. Over time, the portion of our total energy footprint that is carbon based will get smaller as we develop more noncarbon alternatives, and it will also get cleaner as we reduce carbon-based energy emissions with better technology.
This is why I am against dirty fossil fuels, such as tar sands, which make us dirtier tomorrow than today. I want to be cleaner tomorrow than today. Tar sands oil is about 15 to 20 percent dirtier than conventional oil. Let's not be dirtier tomorrow than today. We have the trendline moving in the right direction. We are reducing CO2 emissions. Let's be cleaner tomorrow than today. Why would we embrace tar sands oil and backslide to be dirtier tomorrow? The bottom line is that we have to create energy cleaner tomorrow than today.
Remember, it is a math problem--6 billion tons a year. We have 6 more years to reduce it 17 percent, 36 years to reduce it by more than 80 percent. So we have our goal. We have our goal. We have to give innovators the tools they need to meet it. Since innovators will solve this problem, here is the really fundamental challenge. This is the fundamental challenge. Will Americans be the innovators? See, innovation will solve this problem. Will Americans be the innovators or will we bury our heads in the tar sands and let other nations' innovators be the ones who grab leadership in this new energy economy. I don't want to bury my head in the tar sands. I want us to be the leader. Will we create the new technologies and sell them to other nations or will we be late to the game and have to buy all the technologies from other nations?
The good news is, as I said, we are already on our way to the 2020 goal, so we don't have to make it all dire. Let's celebrate a little success and then figure out how to accelerate our success.
The transportation sector, the fuel economy standards for cars, changing to natural gas in power production--all these things have helped us move toward lesser emissions. Wind is the fastest growing source of new electricity capacity in the world and in the United States, even above natural gas, which is growing rapidly. In a few years Virginia will be contributing, with some of the first offshore wind turbines near Virginia Beach.
I would like to talk now for a second about a specific Virginia issue because I am not sure how many folks who are in this all-nighter speaking on this come from States that have coal and have produced coal, and Virginia does. I want to talk about coal for a second.
EPA is expected to issue standards later this year on reducing pollution from coal-fired powerplants, and, in fact, there is already talk on the other side of introducing a bill to repeal the regulation before the regulation has even come out. I am not exactly sure that is kosher, but I suspect we will be having that debate later.
There is a natural anxiety in a coal-producing region such as southwest Virginia. That is where my wife's family is from. It is five counties in southwest Virginia. They are hard-hit counties. Coal is a big part of their economy, and traditionally it has been. We mine as much coal today in Virginia as we did 50 years ago with one-tenth of the workers because it is a heavily mechanized industry, but there are jobs at stake. And it is not just jobs; coal has been traditionally low priced, and so the issue that is important--and even States that don't have any coal often use a lot of coal to produce power, and the low price has been helpful to consumers who rely on cheap and abundant electricity made possible by coal.
Coal has been hit hard in some recent years, but I disagree fundamentally
with the cynical argument that is made by some--mostly in the coal industry--who blame coal's woes on a regulatory ``war on coal.'' When I talk to folks in the industry, they are always talking about there is a Federal ``war on coal.''
I am going to tell you what is hurting coal. What is hurting coal is innovation and natural gas. Innovation in the natural gas industry has brought natural gas prices down, and utilities are deciding to use natural gas rather than coal. That is what is hurting coal these days, and we ought to take a lesson from that. Innovation is driving environmental cleanliness. Innovation is driving lower cost. The solution is not to stop innovation. The solution is not to shake your fist and blame regulation. The solution is to innovate.
Coal currently accounts for 37 percent of U.S. electricity generation and about the same percentage in Virginia. Today we don't have 37 percent of anything else that can step right in and replace coal, which means we need coal and we are going to be using it for a while.
Since we need to reduce emissions--do it cleaner tomorrow than today--and we are going to need coal for a while, the challenge is to convert coal to electricity more efficiently and with less pollution than we do today. We have to innovate to make coal cleaner for that portion of the pie chart. I learned this as Governor working to permit a state-of-the-art coal plant in Wise County, VA. It opened in 2012. It is designed in a way that dramatically reduces sulfur dioxide, nitrous oxide, mercury emissions, and water use. It was also a plant that was only permitted when the company that wanted it agreed to take a dirty coal plant--one that preexisted the Clean Air Act and was grandfathered in for all of its pollution--and to convert that to natural gas. That was innovative. The fuel mix of this plant needed to run the burners accommodates biomass and waste coal as well.
If we can use innovative practices to reduce these emissions, we can do the same with carbon emissions. But coal cannot stand still, let others innovate, and then complain if it is not competitive. Coal has to be as innovative as everything else, and we have to figure out ways to assist.
That is why I support Federal investments in advanced fossil energy research and development. Last fall the Energy Department made available $8 billion in advanced fossil energy loan guarantee authority for low carbon fossil technologies. I advocated for appropriations for fossil energy R&D, and there is a strong boost for those programs in the omnibus budget bill. There is a great Center for Coal & Energy Research at Virginia Tech that is doing some of this research that can help us take that portion of the pie chart, make it cleaner, and over time make it smaller as we expand noncarbon energy.
We have to make sure the upcoming standards the EPA will put out are ambitious and appropriate incentives to get cleaner and disincentives to get dirtier and at the same time avoid catastrophic disruptions in reliability or affordability.
I am going to come back and conclude where I started. Remember, when I started I said I am going to give a solution. The solution to climate change is American innovation, and I want to finish there.
Reducing CO2 emissions is a hard problem, maybe harder than any pollution problem we face because most pollutants tend to come from a particular economic sector, but CO2 comes from transportation and buildings and manufacturing and power production-- all sectors. So the solution won't be simple. But we do not have to accept the false choice of an environment against the economy. Instead, we just need to innovate to find the solution. That is the innovation challenge we have.
I make it a habit--apparently unlike some of my colleagues here--to never bet against American innovation. We are the Nation that said we would put a man on the Moon in a decade with computers that had less in them than your cell phones do, and we did it. We are the Nation that harnessed the power of the atom. We are the Nation that unwrapped the riddle of DNA and are now using that knowledge to cure disease. Nobody should ever bet against American innovation.
In fact, we have already shown it again and again, that innovation and regulation--smart regulation--can help us tackle pressing environmental problems.
When we were kids and my wife was growing up in Richmond, where we now live, nobody--and I mean nobody--fished or swam in the James River in downtown Richmond. You would be taking your life into your hands if you swam or if you ate fish you caught in that river because of ketone pollution, other industrial pollution, and poor treatment of municipal solid waste. But the Nation passed the Clean Water Act and we got serious about cleaning up our rivers.
Naysayers said: It will damage the economy. It will bring our economy to its knees.
But come and see what the Clean Water Act has meant to my hometown. You can swim or fish in the James River today, and you can eat the fish you catch. You can see herons and bald eagles there that were never there before. You can see residents and tourists who flock to the James River because they enjoy it.
It took a law, it took some tough regulations, it took American ingenuity in finding new ways to clean up industrial and municipal waste, but we did it, and our environment and economy are better off as a result.
When we needed to reduce nitrous oxide and sulfur dioxide emissions because of acid rain, industry said that any new law would be a burdensome job killer, just as they are saying today. But President George H.W. Bush worked with Congress to pass a cap-and-trade law to bring down these emissions. After the new law, somebody invented the catalytic converter. After the new law, somebody invented the sulfur scrubber. Not only weren't they burdensome job killers, they improved air quality, and they created jobs for American companies that manufacture catalytic converters and sulfur scrubbers, and our economy and environment are better off as a result.
Not long ago we heard requiring automakers to make cars which got better gas mileage would be devastating to the American auto industry. But President Obama struck a deal with the industry, and guess what. The quest to build more fuel-efficient vehicles helped revitalize an American auto industry which was on its back. Plants operating with skeleton crews just sweeping the floors at night now have multiple shifts making better vehicles which save drivers more money every day. The skeptics were loud, but we moved ahead with smart regulation and American innovation, and our environment and economy are better off as a result.
It is the skeptics and the deniers who fight against these strategies who are actually naive, because again and again they always claim that taking steps to help the environment will hurt the economy, and again and again they have been proven wrong. Protecting the environment is good for the economy and good for the planet.
So I say to the skeptics of whatever variety, climate denier or leadership denier, don't underestimate American innovation. We can solve the problem of climate change for the good of the economy and the good of the planet. The story of American innovation is a story of solving the hard problems, and I know we can solve this one.
I yield the floor.